The National Bank of Ukraine (NBU) has published regulations for the operation of banks and the Electronic Payment System (EPS) in the period ending in 2024 and beginning in 2025.
The work of the CEP
The NBU’s electronic payment system will continue to operate 24/7, even during public holidays. This means that banks will be able to conduct transactions without interruption, regardless of calendar dates.
Specifics of work during the holiday season
30 December 2024:
- The EPS, foreign exchange market, NBU depository and other systems are operating as usual.
- Payments in foreign currency from the State Treasury Service of Ukraine through the NBU and JSC Ukreximbank are made until 13:00.
- Settlements on the repayment and servicing of the national currency public debt between the Treasury and the NBU are completed by 16:00.
31 December 2024 and 1 January 2025:
- The EPS operates in the standard 24/7 mode.
- However, payments and information messages from and to the State Treasury Service of Ukraine will not be accepted.
- The banking system, foreign exchange market, and the NBU depository will operate as usual.
Instructions for banks
To ensure stable operations during the holidays, the NBU has required banks to provide cash and ATMs with sufficient cash in advance in sufficient amounts and denominations.
Reminder of martial law conditions
The NBU noted that due to the martial law in Ukraine, certain provisions of labour legislation have been temporarily suspended. In particular, public holidays have been cancelled, and a day off that falls on a Saturday or Sunday is not transferred to Monday.
The electronic payment system remains available to all Ukrainian banks around the clock and seven days a week, which guarantees uninterrupted financial transactions even during the holidays.
