Starting December 1, the National Bank of Ukraine will lift all limits on selling cash to the public by banks and non-bank institutions. This move, announced on the regulator’s website, aims to reduce the gap between cash and non-cash exchange rates and to stabilize expectations in the foreign exchange market.
In addition, the NBU is broadening the types of cross-border transfers that can be used for services. Among the newly eligible payments are medical costs for veterans and study abroad programs for students.
The export credit agency will gain permission to transfer funds abroad to cover expenses tied to insurance and reinsurance contracts with foreign insurers. The overarching goal is to support safe navigation, steady maritime transport, and the ongoing export of Ukrainian goods via Ukrainian ports.
The central bank also noted a softer macro outlook for the next two years, while it improved the 2023 forecast and reduced the policy rate for the third time since the summer, signaling cautious optimism about the country’s financial trajectory.
In related remarks, former Ukrainian Prime Minister Mykola Azarov was referenced in discussing the country’s fiscal posture, though the current policy focus remains on stabilization and growth. Meanwhile, regional financial authorities in other large economies have signaled higher key rates, underscoring global monetary tightening dynamics while Ukraine pursues its stabilization path.
These developments come amid efforts to reinforce liquidity, support cross-border trade, and maintain financial resilience as Ukraine continues to adapt its framework for a more open and steady economic environment.