The NBU allowed banks to sell 20% more cash currency than purchased non-cash currency
The changes are aimed at maintaining favourable conditions in the foreign exchange market
Starting from 21 April, commercial banks will take into account 120% of the volume of non-cash foreign currency purchased from the public, rather than 100%, when calculating the amount of cash foreign currency they can sell on the foreign exchange market, starting from 13 April 2022.
Source. The press service of the National Bank of Ukraine (NBU).
"The NBU is consistently taking steps to minimise the multiplicity of exchange rates. This helps to increase the stability of the foreign exchange market and improve exchange rate expectations. To the same end, the NBU is expanding the ability of banks to sell cash foreign currency to the public," the statement says.
It is noted that the relevant changes are aimed at maintaining a favourable situation in the foreign exchange market.
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