Ukraine’s central bank looking to ease exchange rate restrictions

17 May, 04:00 PM
Kyrylo Shevchenko (Photo:The National Bank of Ukraine)

Kyrylo Shevchenko (Photo:The National Bank of Ukraine)

The National Bank of Ukraine is considering dropping wartime currency exchange rate restrictions, Governor Kyrylo Shevchenko told Japanese newspaper The Asahi Shimbun on May 15.

“I would like to said that now we are considering easing some foreign exchange restrictions,” said Shevchenko.

“We also are thinking about how to come back with the floating exchange regime; such a step will bring more stability to the foreign exchange market.”

The governor added that the market currency exchange rates barely differ from the official one of UAH 29.95 to $1, which has remained fixed since the Russian invasion.

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On April 14, the NBU removed restrictions on foreign currency cash withdrawals.

Russia's war against Ukraine - the main events of May 17

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