The National Bank of Ukraine has barred legal person that have more than $10 thousand placed on their bank accounts to buy foreign currency in the interbank market, Resolution No 160 passed on March 3 says, RBK-Ukraine (РБК-Україна) reports.
“The authorized bank does not have the right to purchase foreign currencies on behalf of a resident client (except natural person) that has placed foreign currency in the current or savings accounts with any authorized bank. Such a resident client shall fulfil own foreign-currency-denominated liabilities using the available foreign money“, - the statement says.
The ban on purchase of foreign currency is not applied if foreign currency lodged in the accounts opened with the authorized banks is less than $10 thousand, in total.
