Polish Residents Rush for Cash as War Spreads in Nearby Ukraine
- Central bank vows to keep ATMs full despite potential delays
- ING’s Polish unit sees situation stabilizing in coming days
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Polish residents queued to withdraw cash from banks amid concerns over the fallout from Russia’s invasion of neighboring Ukraine, triggering a statement from the central bank that the country has sufficient reserves despite some ATMs running out of zloty.
“All bank orders are carried out without value limits, in the full nominal value, throughout the country,” the National Bank of Poland said on its website on Friday. “Due to the increased scale of transactions, in some locations there may be delays in the delivery of cash to ATMs from logistic centers of commercial banks and cash-handling companies.”