NBU raises caps on foreign currency withdrawal, sale, other major forex market limitations remain unchanged
The National Bank of Ukraine (NBU) continues gradually liberalizing administrative restrictions on the Ukrainian forex market, Governor of the National Bank of Ukraine Valeriya Gontareva has said.
"The NBU has decided to continue the gradual liberalization of the current administrative limitations on the forex market. This decision is based on the signals that trust in the banking section is restored step by step and the forex market begins to see stabilization," she said.
She said that the central bank had decided to raise the daily sum in foreign currency that could be withdrawn from bank accounts by 2.5 times, from the equivalent of UAH 20,000 to UAH 50,000 and the daily sum for the hryvnia was increased from UAH 300,000 to UAH 500,000.
What is more, the NBU ordered to raise the limit for the sale of foreign currency cash from the equivalent of UAH 3,000 to UAH 6,000.
Yet, she did not announce any plans to remove major forex market limitations, in particular, the mandatory sale of 75% of companies' revenue in foreign currency and the 90-day deadline for payments within export and import operations.