The effectiveness of the restrictions that the NBU introduced at the beginning of the full-scale war to maintain the stability of the economy has weakened, and their negative impact on economic activity is increasing. This was stated by the head of the NBU Andriy Pyshny following a meeting with representatives of the European Business Association and the American Chamber of Commerce.

“Conducting currency liberalization in the near future is becoming increasingly important. The National Bank is developing a roadmap for easing foreign exchange restrictions,” said the head of the NBU.

Measures will be taken first to minimize exchange rate multiples, ease trade restrictions, and promote new investment.

Measures related to issues of trade finance and foreign exchange risks of banks, as well as easing restrictions on capital transactions will be introduced in the next stages of liberalization.

The easing of temporary currency restrictions will take place gradually and will not be tied to specific dates.

“Now business needs “currency oxygen” for even greater adaptability and development. At the same time, military risks remain significant, and foreign exchange resources remain limited.. We will make decisions on easing certain currency restrictions, taking into account the added value this will have for the Ukrainian economy,” summed up the head of the NBU.

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Recall that in the first quarter of this year, the population's funds in foreign currency in banks increased by 4.3%, which stimulated the active growth of term deposits - by 13%.. The increase in funds was more actively observed in January-February, after which this trend slowed down, “and in April it turned in the opposite direction”.