Kyiv Officials Bust Underground Currency Exchange Network
A network of underground currency exchange offices in Kyiv has been uncovered by officials from the State Tax Service, in collaboration with staff from the Economic Security Bureau.
The operation resulted in the seizure of over $138,000 and nearly 8,000 euros from illegal circulation. In addition to these foreign currencies, authorities also confiscated 1.6 million hryvnias in cash.
The exchange offices were found to be operating without properly using cash registers or electronic cash registers, instead issuing counterfeit receipts to customers.
The State Tax Service had identified the issue as early as January 2026 and conducted on-site inspections, which resulted in administrative and financial penalties for the operators. However, the exchanges resumed their activities this summer, prompting another round of inspections that confirmed the same violations.