It contributes to minimizing the difference between cash and non-cash exchange rates and, as a result, stabilizing exchange rate expectations and increasing the stability of the foreign exchange market.
The NBU cancelled the restrictions
As of December 1, the NBU cancelled all restrictions for banks and non-bank financial institutions on selling cash currency to the public.
According to the NBU, this will help minimize the difference between cash and non-cash exchange rates and, as a result, stabilize exchange rate expectations and increase the stability of the foreign exchange market.
The Export Credit Agency (ECA) is also allowed to transfer funds abroad for reimbursement/compensation of costs under insurance and reinsurance contracts concluded with foreign insurance (reinsurance) companies and to pay the expenses of the ECA related to implementing such operations.
In addition, the list of services for which cross-border transfers are allowed to be paid for by citizens, including participants in hostilities, who, as a result of Russia's armed aggression against Ukraine, need treatment or recovery of health outside of Ukraine, has been expanded.
Payment for services necessary to create proper conditions for studying abroad is allowed. In particular, pay for accommodation, obtaining a visa for the study period, transfers from the dormitory to the study offices, food, insurance, and medical services in case of emergency medical assistance.
Ukrainians actively buy currency
Foreign currency banks imported into Ukraine in October 2023 were 1 billion 56 million dollars. This is the highest volume since February 2022.
The NBU reports this.
According to the statistics of the Central Bank, the volume in dollars increased to 779 million dollars, and the book in euros increased to 267 million.
According to the NBU, foreign currency worth 76 million dollars was exported from Ukraine in October, at the same level as in previous months.
