The NBU eased requirements for the purchase of currency by banks on the interbank market – the limit has increased fivefold

The national Bank of Ukraine (NBU) has softened requirements for banks the purchase of foreign currency on the interbank foreign exchange market, increasing the limit five times the net purchase.

«Until now, the total volume of purchase by banks of foreign currency and Bank metals for hryvnias could not exceed the volume of their sales more than 0.1% of the regulatory capital of the Bank (equivalent). From now on, the size of the net purchase of currency by banks can be more — up to 0.5% of regulatory capital of the Bank (equivalent)», – stated in the message NBU on Wednesday, February 8.

According to him, the relevant resolution of the Board of the Central Bank No. 7 of February 7, shall come into force on 9 February.

«This will provide banks greater opportunities to manage their currency position, and the market as a whole — the possibility of more active trading and self-searching course of balance. This is quite a reasonable step, which will have negative consequences for the currency market», – said in the national Bank.

As previously reported, the national Bank of Ukraine has allowed banks to June 15, 2016 to change courses of purchase/sale of foreign currency during the operational (working) day.




The NBU eased requirements for the purchase of currency by banks on the interbank market – the limit has increased fivefold 08.02.2017

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Февраль 8th, 2017 by
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