NBU slightly eases currency restrictions
The National Bank of Ukraine (NBU) granted the right to banks that have balances of currency values in cash by February 24 to sell them to customers within the balance of currency values.
As the NBU reported on Friday morning, the NBU board made appropriate changes to the resolution dated February 24, 2022 No. 18 "On the operation of the banking system during the introduction of martial law."
In addition, the regulator granted the right to banks to sell foreign currency to clients at the expense of their own currency position in order for these clients to fulfill their own obligations under loan agreements (including interest) to banks.
The National Bank also determined the cases in which authorized institutions are allowed to carry out, on behalf of clients, trading in currency values and cross-border transfers of currency values from Ukraine, as well as the procedure for carrying out these operations.
The message says that the procedure for conducting daily operations for the purchase of U.S. dollars by the National Bank from banks has been determined.
