
NBU Lifts All Restrictions On Sale Of Foreign Currency To Households
The NBU stated this, Ukrinform saw.
"All restrictions on banks and non-bank financial institutions on the amount of cash foreign currency they can sell to the public have been lifted," the statement said.
According to the NBU, this will help minimize the difference between cash and non-cash exchange rates. As a result, this will help stabilize exchange rate expectations and increase the stability of the foreign exchange market.
"The de facto existence of such restrictions is one of the reasons for the multiplicity of exchange rates. By lifting them, we have reason to expect that this will allow us to keep the difference between cash and non-cash exchange rates at a minimum," NBU Governor Andriy Pyshnyy said.
Read also: NBU governor reveals Ukraine's financial needs until year-enIn early October, the NBU announced the transition to a flexible dollar exchange rate. The NBU promised to limit exchange rate fluctuations, preventing both a significant weakening of the hryvnia and a significant strengthening.
At the end of August, the NBU allowed banks to sell non-cash foreign currency to households in the amount of UAH 50,000 without additional obligations. As a result, the dollar depreciated significantly.
Earlier, the NBU completed the first stage of the bank and banking system resilience assessment launched in May. The preliminary results are optimistic.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Market Research

- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment