The National Bank of Ukraine lifted the restriction according to which authorized institutions could sell cash foreign currency to customers with a deviation from the official rate of no more than 10%, the NBU press service reported..

The restriction will cease to operate tomorrow, May 21.

Similar restrictions on setting the exchange rate, according to which banks deduct funds in hryvnia from clients' accounts, are also canceled if clients use hryvnia cards abroad.

" This will help increase competition, increase the liquidity of the legal segment and reduce the volume of illegal transactions.. All this will make the foreign exchange market more stable and will help reduce the amplitude of exchange rate fluctuations in its cash segment,"

Commentary by the editor of the ZN economics department. UA Yulia Samaeva:.

[quote type\u003d" Now the exchange rate of the dollar against the hryvnia at the NBU is UAH 29.2, at banks - UAH 32, and on the black market - UAH 36-37. To reduce the percentage of shadow transactions in the foreign exchange market, and removed the established restriction. Due to the current economic conditions, bank exchange rates will " The hryvnia, respectively, will devalue. We also note that the NBU has abolished similar restrictions on setting the rate at which banks deduct funds in hryvnia from customer accounts if customers use hryvnia cards abroad. In addition, the National Bank temporarily reduced the monthly limit on cash withdrawals abroad from hryvnia accounts opened in Ukrainian banks to 50,000.. UAH equivalent (from 100 thousand. UAH, as it was before this moment). All to reduce capital outflows and reduce opportunities for speculation and circumvention of foreign exchange restrictions. That is, to protect the international reserves of Ukraine. [/quote].

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Foreign currency in Ukraine was allowed to sell to individuals on April 14. On February 24, in connection with the full-scale invasion of the Russian Federation into Ukraine, the National Bank limited the work of the foreign exchange market in the country, fixing the exchange rate at the official level of that day - UAH 29.2549/$1.