: :inin Kyiv (EET)

National Bank extends mandatory sale of 75% of foreign exchange earnings for another three months

The National Bank of Ukraine extended the requirement for compulsory sale by exporters of 75% of foreign exchange earnings for three months and decided to continue holding the daily auctions to find the equilibrium exchange rate.
This is a result of the weekly meeting of the regulator leaders with 40 largest banks in Ukraine, the NBU press service told Ukrinform.
“The validity of the mandatory requirements for exporters to sell 75% of foreign exchange earnings, which is valid until December 2, was extended for three months,” the press service noted.
Also, the validity for the return of foreign exchange earnings in the period up to 90 days and other restrictions were extended, established earlier by the NBU resolution No.540. Recall, that by this resolution the NBU has limited the maximum amount of cash withdrawals from a customer’s account up to UAH 150,000 per day, sale of the cash currency in a single pair of hands to the amount equivalent of UAH 3,000 per day, removal of foreign exchange from accounts via ATMs and cash departments to the amount equivalent of UAH 15,000 per day.
In addition, the NBU said that in the future it will hold auctions to sell foreign currency in small amounts to find the equilibrium hryvnia exchange rate.

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