The NBU also canceled blank refinancing for banks.
The National Bank eased some currency restrictions and canceled blank refinancing (that is, without collateral) for banks. The regulator officially announced this today, November 5.
Easing of currency restrictions
- thermal imagers and a number of other devices are included in the list of goods for which volunteers can pay with hryvnia cards abroad;
- banks have been given the opportunity to provide tender guarantees to Ukrainian exporters for the supply of goods abroad;
- charitable funds will be able to buy foreign currency to pay for import contracts, even if they have balances in foreign currency accounts.
Blank refinancing
The cancellation of the practice of blank bank refinancing is explained by the National Bank by the fact that, despite the war, the banking system has a record level of liquidity.
“Taking this into account, as well as the early repayment of refinancing loans and the successful passing of the banking sector to the test of a full-scale war, blank refinancing, which made it possible to maintain the stability of the financial system at the beginning of the war, has lost its relevance today,” the NB said U.
Although classic collateralized refinancing loans will continue to be available to banks.
Read also: The economy will soon return to growth: the National Bank has updated its forecasts
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Changes regarding opening accounts
Also, the NBU allowed banks to open accounts for military personnel based on certificates of officers, generals and admirals.
