Business news from Ukraine

NBU increased to UAH 100,000/month limit for purchase of non-cash currency on a deposit

30 September , 2022  

The National Bank of Ukraine (NBU) has increased from UAH 50,000 to UAH 100,000 (equivalent) the monthly limit on the purchase of non-cash foreign currency by citizens with subsequent placement on an irrevocable deposit for at least three months.

“Such changes will further reorient the demand of the population from foreign cash to non-cash, because transactions for the sale of non-cash currency by banks are carried out at a rate closer to the official than for the sale of cash, more convenient and safer,” the NBU website said on Friday.

As reported, with the outbreak of war on February 24, the National Bank banned the sale of non-cash currency to citizens, and on July 21 partially allowed it – up to UAH 50,000 per month on an irrevocable deposit of three months.

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