As of April 21, 2023, the

National Bank of Ukraine lifted a number of administrative restrictions in order to support positive trends in the cash segment of the foreign exchange market, thanks to which the difference between the cash and official exchange rates narrowed significantly.

This was reported by the press service of the NBU.

The regulator expanded the possibilities of banks to make agreements on the sale of cash currency to the public.

When calculating the amount of currency that the bank can sell, not 100%, but 120% of the amount of non-cash currency purchases from the population, starting from April 13, 2022, will be taken into account.

According to the National Bank, these changes will allow maintaining a favorable situation on the foreign exchange market.

"The National Bank consistently takes steps to minimize the multiplicity of exchange rates. This contributes to increasing the stability of the foreign exchange market and improving exchange rate expectations," the press service clarified.

In addition, the process of transferring foreign currency abroad by e-residents will also change.

The latter will be able to transfer to their accounts abroad funds in foreign currency received on accounts in Ukrainian banks from non-residents (for services or work).

"The corresponding changes will not put pressure on the foreign exchange market and international reserves of Ukraine, because the purchase of foreign currency will not take place within the framework of such operations," the NBU added.

Earlier it became known that the NBU plans to keep 

the dollar

 at UAH 36.56 until the situation on the currency market improves and inflation stabilizes. 

In July 2022, the National Bank of Ukraine lowered the hryvnia exchange rate to the US dollar by 25%, currently it is UAH 36.5686.

Subsequently, 

the National Bank of Ukraine

 called all currency restrictions introduced in the country since the beginning of the full-scale war as temporary.

Lifting restrictions is currently not on the agenda.

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