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Your Financial Security in Ukraine


Your Financial Security in Ukraine

Ukraine is a predominantly cash economy. The network of bank offices and ATMs (Bankomats) has grown quickly and are now readily available in all but the smallest villages. Do check the security of the machine - it would be wise to use one that is obviously at a bank, rather than in another establishment. You can use your credit cards (mostly MasterCard & Visa) or cash traveler's cheques easily. Credit and debit cards are accepted by the supermarkets. But avoid using your credit/debit cards for payments at establishments in smaller towns as retailers are not trained and controlled enough to ensure your card privacy. Instead, it is widely acceptable to pay cash. Locals (especially businesspeople) sometimes carry and pay in cash amounts considered unusually large in other countries. Don't suspect criminal activity in every such case. Also, it is strongly recommended to avoid individual (street) currency exchangers as there are thieves among such exchangers, that may instead give you old, Soviet-era currency or also coupons that have been withdrawn from circulation since the mid 1990s. Use special exchange booths (widely available) and banks; also be wary of exchange rate tricks like 5.059/5.62 buy/sell instead of 5.59/5.62. The Euro and US dollar are generally accepted as alternative forms of currency, particularly in tourist areas. They are also the most widely accepted convertible currency at the exchange booths, with British pounds in third place.

The Most Frequently Asked Travel Questions about Ukraine


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Ukraine Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.

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