The NBU allowed banks to sell foreign currency to the public from April 14, 2022

From April 14, 2022, the National Bank of Ukraine allowed banks to sell cash foreign currency to the public. It is expected that the resumption of cash sales by banks will help reduce the opportunities for the functioning of the market of illegal foreign exchange transactions and, accordingly, reduce risks for citizens. At the same time, in order to prevent pressure on the foreign exchange market, the NBU provided that the authorized institution may sell cash currency to customers within the difference between the total amount of cash foreign currency purchased and sold. This difference will be calculated starting from April 13, 2022. In addition, the National Bank has identified the specifics of setting cash exchange rates for transactions of authorized institutions with customers, in particular: the rate of sale of cash currency by authorized institutions may deviate by no more than 10% from the official NBU exchange rate on the day of the transaction; the rate of purchase of cash currency by authorized institutions should not be lower than the official rate of the NBU on the day of the transaction.

Tags: Ukraine