Over the last several years,more than 80 banks in Ukraine have been declared insolvent. Business entities and private citizens havelost billions of hryvnias that was on their current accounts. Weve got used to the news of another bank turning into an empty can, from which all funds have been washed out, leaving zero chances for restitution. It looks like there can be no happy end for stories like these. Here Id like to shift your attention to alittle detail which the banks avoid disputing, and which changes the whole scenedramatically: it is whether your bank owns the funds in your current account?
Lets take a look from different angles:
the comparative and common sense approach: Today, hryvnia is issued by the Nation…
Read the full article at: https://www.kyivpost.com/business-wire/bank-money-current-account.html