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foreign exchange market

NBU to cancel all restrictions after the decline of the speculative demand for foreign currency

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NBU to cancel all restrictions after the decline of the speculative demand for foreign currency
Photo: Ivan Chernichkin

The National Bank of Ukraine will be able to cancel the currency restrictions after the decline of the speculative demand for foreign currency, reported the NBU on its Facebook page.

NBU appeals to understand the temporary restrictions as their introduction was conditioned, first of all, by the desire of liquidation of the procedure of capital withdrawal abroad.

The foreign exchange market has already begun to operate in a more balanced regime than a few weeks ago, the number of bids for the purchase of foreign currency is gradually decreasing, said Deputy Governor of NBU Oleksandr Pysaruk.

The spreads are being reduced even on the black market, according to Pysaruk.

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