NBU allowed banks to sell non-cash currency, but there is one condition

21 July 2022, 13:49 | Economy
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The National Bank of Ukraine allowed banks from July 21, 2022 to sell non-cash currency to citizens for its further placement on a deposit for a period of three calendar months without the right of early termination within the monthly limit of 50 thousand. UAH.

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Also, from July 25, 2022, the permission for commercial banks to buy cash hryvnia from a foreign financial institution for non-cash foreign currency will be canceled.

Among the changes is the algorithm for calculating the limits of the open currency position by banks in terms of not taking into account the increase in reserves for foreign currency assets of banks.



" The new norm will come into force on August 1, 2022,"

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Recall that today the National Bank of Ukraine adjusted the official exchange rate of the hryvnia against the US dollar by 25% - from UAH 29.2/USD. up to 36.5686 UAH/USD.

By November, we will have inflation of 75%, an exchange rate of 45 hryvnia to the dollar, incredible debts and a rapid decline in foreign exchange reserves. But the government still does not admit that we have serious problems with the economy. Yulia Samaeva talks about this in the article \?




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