Since May 6, all non-cash transactions in Crimea are carried out only in the official currency of Russia.

The press office of Crimean first deputy premier Rustam Temirgaliev reported, according to Ukrinform.

"In connection with the decision of the National Bank of Ukraine on the discontinuation of work of Ukrainian banks on the peninsula, the hryvnia turnover becomes impossible," Temirgaliev has said.

According to him, the population for an unlimited period of time will be able to exchange the hryvnia for the ruble at the exchange rate of the Central Bank of Russia at any banking institution, and the cash hryvnia will be in circulation for another month.

As we earlier reported, National Bank of Ukraine (NBU) banned Ukrainian banks from operating in Crimea.

According to the report, NBU made the decision, as it is not able to carry out banking regulation and supervision, exchange control and state financial monitoring of the activity of banks in the Crimea.