Ukraine's central bank issued its biggest currency liberalization since Russia's 2022 invasion, raising limits on foreign-currency purchases and cash withdrawals. The National Bank of Ukraine quadrupled the monthly cap on non-cash currency purchases and doubled the daily cash withdrawal limit, both to 200,000 hryvnias. Officials said the changes carry no risk to currency-market stability.
Ukraine's central bank rolled out its biggest currency liberalization since Russia's full-scale invasion in February 2022. The move loosens limits on foreign-currency purchases and cash withdrawals to support businesses and investor confidence. The National Bank of Ukraine issued the new rules late Monday evening.
The bank quadrupled the monthly cap on purchases of non-cash currency, investments, bank metals and foreign securities from 50,000 to 200,000 hryvnias, or $4,450. It also doubled the daily limit for cash withdrawals from accounts inside and outside Ukraine to 200,000 hryvnias. The monthly ceiling on hryvnia-denominated card transactions rose to the same level.
Ukraine's central bank said the changes "will not create risks for the stability of the currency market", citing existing conditions and a review of each individual measure.
It added the loosening was already factored into its updated macroeconomic forecast, which predicts international reserves will grow to nearly $70 billion by 2026.
Source: Investing.com
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