UKRAINE: changes in the NBU exchange rates led to an increase in the cost of Green Card policies by 26.3%

29 July 2022 —
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) has increased the cost of Green Card policies for those traveling abroad by 26.3% effective July 26, 2022. At the same time, the cost of these policies last changed on July 18, 2022, downward by 4.4%, Forinsurer wrote.

This increase was supported by the growth of dollar and euro in the Ukrainian foreign exchange market - since July 21, the official hryvnia exchange rate against the US dollar has been adjusted by 25%, considering changes in the fundamental characteristics of the Ukrainian economy during the war and strengthening of the dollar against other currencies.