NBU eased restrictions on the currency market. The regulator is confident that the innovations will not result in additional pressure over the currency market.
The National Bank permitted currency purchase and transfer for placement of security deposit on the accounts of international payment systems beyond Ukraine, NBU press office informed on Wednesday, October 11, Correspodent.net reports.
“The National Bank continues the liberalization of currency regulation through easing restrictions on the currency market”, the press office reported.
It is noted that such decision relates to both banks and nonbanking financial institutions. NBU specified that these are the funds, which should be used for securing obligations during making transfers abroad.
The National Bank also specified the procedure of application of exceptions from the ban of repayment before maturity of the loan, foreign currency loans, obtained by residents and non-residents. Such exceptions include all types of payments under certain credit agreements or loan agreements, that is the payment of the principal amount with account of interests and other payments, set forth in the agreement.
“The changes will contribute to provision of proper conditions for participation of nonbanking financial institutions in international payment systems and further development of economic relationships in Ukraine. Meanwhile, they will not lead to additional pressure over the currency market”, NBU’s message says.
