REUTERS
The National Bank of Ukraine (NBU) plans a series of measures to ease regulations in the foreign exchange market, including the lifting of the requirement for the preliminary deposit of funds in hryvnia for the purchase of foreign currency in the interbank foreign exchange market on a separate account (T+1 regime), according to the regulator's website.
The NBU also plans to expand the banks' capacity to purchase foreign currency and to give up on obligatory registration of interbank agreements of market participants in the ValCli and KredInfo systems.
In addition, the National Bank intends to provide banks with the opportunity to use currency as collateral for obtaining overnight loans.
Read alsoNBU to ease forex restrictions for banksAs UNIAN reported earlier, the National Bank submitted for public discussion proposals on legislative changes necessary to introduce a liberal model of currency regulation, which, following discussion, will be forwarded to the National Reform Council.
Read alsoUkraine to decide legal status of cryptocurrencies in 3 weeks - mediaAccording to the regulator, a number of steps to liberalize currency regulation are possible to take immediately after the new law "On Currency" comes into force; however, full liberalization is possible only after the introduction of effective tax legislation.