As part of further liberalization of foreign currency regulations, the National Bank of Ukraine (NBU) plans to cancel a requirement for banks to make and keep copies of documents provided by individuals when carrying out foreign exchange operations, the regulator reported on Facebook referring to a statement of Director of the Open Markets Department at the NBU Serhiy Ponomarenko.
It is reported that Ponomarenko also commented on regulator`s recent decision to intervene and buy foreign currency at the fixed rate.
”This decision does not indicate that the NBU is targeting the hryvnia at certain levels. We continue to maintain a flexible exchange rate. However, these interventions are aimed at smoothing excessive exchange rate fluctuations, and replenishing international reserves,” Ponomarenko said.
As UaPosition reported earlier, this year the NBU plans to take measures for further relaxation of foreign currency controls imposed in 2014-2015 in line with the pace of implementing requirements set forth in the ”road map,” which has been agreed with the International Monetary Fund.
Current regulations require that individuals carrying out foreign currency sales/purchases at banks provide a passport or other identification document.
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