Ukraine lifted currency exchange rate restrictions

The National Bank of Ukraine lifted the restriction under which authorized institutions could sell cash foreign currency to customers with a deviation from the official exchange rate of not more than 10%.

Source: Deputy Head of the National Bank of Ukraine Yuriy Heletiy

The bank also temporarily reduced the monthly limit on cash withdrawals abroad from hryvnia accounts from 100,000 Hr($3,418) to 50,000 Hr ($1710).

“The abrogation of restrictions concerning rates at which banks may offer the foreign exchange to the public will improve the working conditions of legal market agents. This will help boost competition, increase the liquidity of the legal segment and curb the scope of illegal transactions. All of this will make the foreign exchange market more stable and will help reduce the range of exchange rate fluctuations in the market’s cash segment.”

See also: In April, Ukraine exported twice less goods than a year ago, – Prime Minister of Ukraine

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