The National Bank of Ukraine announced that it has adopted a number of changes to the functioning of the foreign exchange market, in particular, limiting the ability of banks to raise the hryvnia exchange rate for certain online transactions of customers,
KYIV. UkraineGate , 30 , April , 2022 | War News .
Quote
“Since April 30, the National Bank has clarified the procedure for determining the exchange rate of hryvnia to foreign currencies by issuing banks when conducting transactions using electronic means of payment,” the statement said.
Details
In particular:
- the hryvnia exchange rate shall not exceed by more than 10% the official exchange rate in case of debiting funds in hryvnia from the client’s account, if the interbank transfer for such a transaction in foreign currency;
- the hryvnia exchange rate must be equal to or higher than the official exchange rate:
- in case of debiting funds in foreign currency from the client’s account, if the interbank transfer for such a transaction in UAH;
- in the case of crediting funds to the client’s account in the national currency, if the interbank transfer for such a transaction in foreign currency.
Also, from May 4, the limits of banks’ open long and short currency positions will be reduced from 15% to 5% of their regulatory capital.
In addition, from April 30, banks will suspend the issuance of new savings certificates denominated in foreign currency. The restriction does not apply to banks’ deposits in foreign currency.
Addition
Ukrainians withdrew $ 2.6 billion in a month and a half , so the National Bank of Ukraine clarified restrictions on cross-border operations of citizens to prevent unproductive outflow of capital from the country under martial law.
Source: Ukrgate
