: :inin Kyiv (EET)

National Bank of Ukraine names conditions for forex restrictions revision


The National Bank of Ukraine will revise market limitations earlier established in order to stabilize the national currency given the favorable conditions, NBU Governor Valeria Gontareva said at a Kyiv conference Wednesday.

”We really want to lift the restrictions, but let`s create the conditions, attract investments. [Let`s] complete at least one privatization, of which the [parliamentary] majority has been talking about,” Gontareva said.

Head of the National Bank stressed that the NBU`s main task is to preserve price stability, which is impossible with high volatility in the currency market.

As UNIAN reported earlier, the National Bank of Ukraine today, December 14, reported the extension of temporary restrictions on the monetary and foreign exchange markets due to the existing risks to price and financial stability.

In particular, such restrictions continue to apply as the mandatory sale of 65% of foreign exchange earnings of legal entities, a 120-day term for the settlement on export and import transactions, a one-day reservation period for the purchase of foreign currency in the interbank foreign exchange market, the ban on early repayment of loans from non-residents, cash foreign currency purchase limit for individuals in the amount of UAH 12,000 per day, and the limit on cash withdrawals from foreign currency accounts in the amount of UAH 250,000 per day.

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