Poles rush for cash as war spreads in Ukraine

Bloomberg

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.”
Demand for cash at Poland’s unit of ING Groep NV has spiked several fold due to the war in Ukraine, Chief Executive Officer Brunon Bartkiewicz told Business Insider. He said the situation should stabilize within days as Polish banks are stable and
there is no risk to people’s savings.