There will be no exchange rate speculations during Euro-2012 football championship, the Independent Banks Association Council (the IBAC) chief Borys Tymonkin said at the press conference to ForUm correspondent.

"There will be no outrage, no drastic steps," the head of the IBAC said. He explained that when there is a large inflow of foreign currency, the banks release less hryvnias in circulation. The banker foresees that the exchange rate will be within the range of 7.90-7.98 UAH per USD and will remain within the National Bank nominal exchange rate.

In addition, the banker assured that the Ukrainian banking system is ready for Euro 2012. According Tymonkin, the banks in the host cities will work on a special floating schedule from 8 a.m. till 9 p.m. In addition, a number of banks have already changed their ATMs. "We replaced 40 ATMs and put the brand new ones in the places usually crowded by fans - the stadiums," he said.

As for the ATM menu, the IBAC chief said that they have the multilingual menu long since: Ukrainian, Russian, English and sometimes German.

The instruction to the cashiers has also been worked out. "We believe that the ATMs are the easiest form of cash withdrawing. Having the card with euros or dollars, you just put it in the Ukrainian ATM and get hryvnias at the normal rate, close to the interbank market," Tymonkin said.

Moreover, the banks will carry out more regular ATM cash collection. "Utilization will be more frequent, respectively, the ATMs collection should be carried out more often - to fill them with money," the IBAC chairman said. According to him, the cash machines will have access to the fan zones.

At the same time Tymonkin noted that the only thing that is not possible - is to set the machines selling Euro 2012 coins, at the stadiums. "The UEFA regulations prohibit metal devices trade on the stadiums," he summed up.


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