In Ukraine, during the week of September 18-24, the cash dollar will cost more than previously estimated. If at the end of last week the exchange rate of the American currency was predicted at the level of 36.8-37.8 UAH, now it is 37.25-38.25 UAH. The reason is the strengthening of the liberalization of the foreign exchange market by the National Bank.

This was stated by Taras Lesovyi, Head of the Treasury Department of Globus Bank, in a comment to Obozrevatel. The expert noted that we are talking about the removal of part of the restrictions on foreign exchange transactions.

"This can have a significant impact on the cash exchange rate. Thus, during the week, possible fluctuations will occur in a new corridor: UAH 37.25-38.25," the banker said.

What has changed in the foreign exchange market in recent days?

From September 16, the NBU allowed banks and exchangers to take into account the balances that were accounted for at the cash desks of these institutions as of April 13, 2022, when calculating the amount of foreign currency cash for sale.

"Therefore, the authorized institutions will carry out transactions for the sale of foreign currency to customers in cash within the amount determined as the sum of the following components: the amount of foreign currency cash balances as of April 13, 2022; the volume of excess of purchases of cash currency over the volume of its sales, 120% of the volume of purchases of non-cash foreign currency from individuals," the National Bank said.

The amount of components is calculated in dollar equivalent, which is calculated on the basis of the official exchange rate of the hryvnia against foreign currencies set by the National Bank of Ukraine on the date of such calculation.

The National Bank has also expanded the list of medical services for which Ukrainians can transfer funds abroad. The following services have been added to the corresponding list:

In addition, the regulator allowed state-owned enterprises and business entities (100% of the shares of which are owned by the state) to transfer funds abroad in order to fulfill obligations to a non-resident under a credit or loan. At the same time, they were restructured on the terms agreed by the Cabinet of Ministers.

It is also allowed to make other payments related to the servicing of such restructured liabilities.

To recap, the NBU obliged banks to strengthen control over the accounts of individuals with atypical activity.