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On December 1, the National Bank revised currency restrictions for households and businesses, according to the regulator’s website. First, all restrictions on banks and other financial institutions on the sale of foreign currency in cash to households have been lifted. The NBU believes that this will help minimize the difference between cash and non-cash exchange […]
The NBU revoked all licenses of Finod LLC, which owns one of the largest networks of currency exchange offices in Ukraine. The Committee for Supervision and Regulation of Non-Banking Financial Services Markets made the decision on August 21, the regulator’s press service reported. “The licenses of Finod LLC have been revoked due to the failure […]
The Board of the National Bank of Ukraine has decided to withdraw the systemically important Sens Bank (formerly Alfa-Bank) from the market and has submitted a proposal to the Cabinet of Ministers to have the state participate in this procedure. According to Censor, based on the NBU’s decision, the bank will introduce a temporary administration […]
On June 30, the NBU issued resolutions #90 and #89. These documents introduce new rules for replenishment of accounts through self-service terminals (self-service software and hardware complexes) starting from August 1. Thus, starting from August 1, 2023, details will be added to receipts generated during cash transactions using payment devices, including terminals. In particular, receipts […]
As part of its commitments to the International Monetary Fund (IMF), the Board of the National Bank of Ukraine has approved a strategy that includes easing currency restrictions, moving to greater exchange rate flexibility, and returning to inflation targeting. This is stated in the NBU’s announcement. “The development of this Strategy was a key component […]
On March 31, the National Bank of Ukraine (NBU) presented a special website “Financial Defense of Ukraine”, which collected all the necessary information on the peculiarities of the provision of financial services by banks and non-bank financial institutions during the war. The site also collects the main questions that now arise in consumers of financial […]