Starting December 1, the National Bank of Ukraine (NBU) will lift all restrictions on the sale of cash to the public by banks and non-bank organizations. writes about this TASS Referring to a message published on the regulator’s website.
This change will help minimize the exchange rate difference between cash and non-cash currencies, stabilize exchange rate expectations and strengthen the stability of the foreign exchange market.
Additionally, the NBU is expanding the list of services that can be paid with cross-border transfers. These include payments for the treatment of fighters and services for students to study abroad.
The export credit agency will also have the opportunity to make transfers abroad to cover expenses within the scope of insurance and reinsurance contracts made with foreign insurance companies. The aim of this measure is to ensure navigational safety, stability in maritime transport and sustainable export of Ukrainian products through Ukrainian ports.
The NBU predicted a decrease in foreign aid over the next two years but improved the macro forecast for 2023, reducing the discount rate for the third time since the summer.
Previously, former Prime Minister of Ukraine Mykola Azarov named Your country is bankrupt.
Formerly Central Bank of the Russian Federation raised key rate up to 15%.
Source: Gazeta
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