It turned out “beautifully”: Monobank criticized the abolition of the fixed dollar exchange rate

23 May 2022, 19:08 | Economy
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Co-founder of Monobank Oleg Gorokhovsky criticized the decision of the NBU to abolish the fixed rate for cash foreign exchange transactions.

As Gorokhovsky explained, the Monobank application has always had a single exchange rate.. It was used both for operations with cards, and for exchange within the application, and for FLP.

However, restrictions from the National Bank force Monobank to introduce different rates. This is due to the fact that the dollar exchange rate cannot differ by more than 1% from the NBU exchange rate for operations in the application and FLP operations. And for card transactions and exchanges in branches that Monobank does not have, the rate may differ.

" FLPs are “happy,” Gorokhovsky said.

In addition, the NBU has abolished restrictions on the sale of foreign currency to clients for transactions abroad..

And here comes the " And we still, among other things, need to program this "

The banker said that in order to solve the problem, they are considering the following option: to give FLP clients a currency card so that they do not sell currency at a non-market rate.

Gorokhovsky urged the National Bank to discuss these innovations with banks.

Recall that a few days ago, the National Bank, by NBU Resolution No.

102, lifted the restriction, according to which authorized institutions could sell cash foreign currency to customers with a deviation from the official one by no more than 10%, thereby introducing a multiple exchange rate in Ukraine.

Experts insist on reconsidering the decision on the partial abolition of the NBU fixed exchange rate. The National Bank warns of a massive devaluation and advises to keep the hryvnia in the current regime for no more than a month.




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