NBU eased currency restrictions for Ukrainians: what has changed

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The credit limit for the purchase of non-cash currency was increased for Ukrainians.

Today, August 29, the National Bank eased currency restrictions on the sale of non-cash foreign currency currency citizens

About this reported at the NBU

It is noted that the relevant restrictions are implemented to transition to greater flexibility of the exchange rate and return to inflation targeting.

“For the first time since the beginning of the full-scale war, the National Bank will allow banks to sell non-cash foreign currency to the population without confirming the grounds or obligations for such a transaction. Relevant operations will be carried out at the rate set by the bank, within the monthly limit of 50,000 hryvnias equivalent in one bank,” the message reads.

In particular, the NBU will increase the monthly limit on the purchase of non-cash foreign currency by the population from UAH 100,000 to UAH 200,000.

It is noted that operations for the sale of non-cash currency by banks are more convenient and safer.

“This will make it possible to reduce the difference between the cash rate and the official rate. If necessary, the National Bank is ready to apply additional measures to minimize the multiplicity of exchange rates,” the NBU reported.

In addition, the National Bank of Ukraine established official exchange rate for Tuesday, August 29. The value of the dollar remains stable from July 21, 2022. The euro rose in price by 1 kopeck per day. The zloty fell by 2 kopecks.

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