REUTERS
The National Bank of Ukraine in the coming days will soften the requirements for banks in the interbank foreign exchange market by increasing the limit for the purchase and sale of foreign currencies for hryvnias by two times per day, that is to 1% of the size of the bank’s regulatory capital against 0.5%, established earlier, that’s according to Deputy Head of the NBU Board Dmytro Solohub.
"We intend in the near future to expand the opportunity for banks to conduct transactions with their own foreign currency in the interbank market. To this end, we plan to increase the size of the allowed balance of purchase and sale between banks of foreign currencies within one working day from 0.5% to 1% of the regulatory capital," he told a Kyiv briefing on Thursday.
This gradual liberalization of foreign exchange regulations creates no risks toward destabilization of the foreign exchange market. Instead, it will give banks more opportunities to manage their foreign currency liquidity.
Read alsoNBU: Share of non-performing loans grows to almost 60% "This will also allow the National Bank to reduce its presence in the foreign exchange market and increase the market's ability to independently search for a balance," said Solohub.
As reported, the National Bank of Ukraine in February has already eased the requirements for banks in the interbank foreign exchange market, increasing the limit purchase of foreign currencies and banking metals for hryvnias by 5 times - up to 0.5% of the regulatory capital of the bank against the earlier established 0.1%.