The NBU has allowed banks to sell cash currency

But with some restrictions.

The National Bank of Ukraine has allowed banks to sell foreign cash to the population currency from April 14. This was reported by the press service of the National Bank.

The NBU expects that such a decision will reduce the opportunities for the market of illegal currency exchange and, accordingly, reduce the risks for citizens.

At the same time, to avoid pressure on the foreign exchange market, banks will be able to sell cash within the difference between the total amount of cash foreign currency purchased and sold. The difference began to be calculated on April 13.

The National Bank also announced new rules for setting the rate of sale and purchase of cash currencies.

In particular, the selling rate of banks can not deviate from the official rate of the NBU by more than 10%. The rate of purchase of cash currency should not be lower than the official one.

The NBU stressed that the sale of non-cash currency by banks to individuals is still prohibited, except for certain exceptions.

The National Bank also forbade banks to repay early loans obtained by them from non-residents to prevent the uncontrolled outflow of capital abroad.

Earlier, the NBU said that Ukraine's economy will gradually recover, but real GDP in 2022 may shrink by at least a third .

Based on materials: ZN.ua

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