This decision will promote further restoration of confidence of depositors in banks
The national Bank of Ukraine extended the weakening of the anti-crisis measures in the foreign exchange market and abolished the limit on cash withdrawals in foreign currency and Bank metals from current and Deposit accounts through cash desks and ATMs.
To date, the limit is not more than the equivalent of 250 000 UAH per day.
“Individuals will be able to obtain cash in a foreign currency or Bank metals from current and Deposit accounts through cash desks and ATMs without restrictions on the amount,” – reported on the website of the NBU, citing order No. 81, which entered into force on 24 August.
The regulator noted that it was possible to abolish this restriction, given the substantial improvement in banking system liquidity in foreign currency and stabilize the currency market. The national Bank expects that this decision will contribute to further restoration of confidence of depositors in banks.
With the same decree, the NBU lifted the ban on the issue of savings certificates payable to bearer, and expanded the list of foreign creditors in favour of which allowed early repayment of loans and borrowings. In addition, the regulator made it easier for banks the calculation of the daily limit of purchase of currency in one’s own position to encourage forward operations and further development of instruments for hedging currency risks.
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