The NBU Is Preparing a New Package of Currency Easing Measures: What It Entails
30 July 20:46
The National Bank of Ukraine is finalizing its agreement with the International Monetary Fund on a new package of foreign exchange liberalization measures, which calls for easing restrictions on businesses, individuals, and the financial market. This was announced during a press briefing by NBU Governor Andriy Pyshnyy, according to "Komersant Ukrainian", citing Delo.
The regulator has already completed the bulk of its consultations with the IMF and plans to finalize the relevant decisions in the near future, the NBU governor stated:
“One piece of news is that the decision will be finalized and formally adopted in the near future. We have completed a significant portion of the negotiations and discussions with our colleagues at the International Monetary Fund. A substantial package of currency liberalization measures will be announced, which will affect individuals, including businesses.”
The prepared package provides for expanded opportunities for Ukrainian businesses to conduct foreign economic and financial transactions. For individuals, the NBU plans to ease restrictions on currency exchange transactions and cross-border transfers, and for the financial market, it plans to clarify the operating conditions for financial institutions as part of the next phase of currency liberalization.
The gradual lifting of currency restrictions has remained one of the regulator’s priorities since 2023, when the NBU began a phased transition to a more flexible exchange rate policy. The new measures are in line with the macroeconomic forecast and are intended to support Ukrainian manufacturing and economic growth. The regulator plans to publish the details of the package and the relevant regulations in the coming days, Andriy Pyshnyy concluded.
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