The National Bank of Ukraine may lift restrictions on the issuance of deposits in June

Due to the stabilization of the foreign exchange market, the National Bank of Ukraine considers the possibility to significantly ease restrictions on the issuance of deposits in early June this year.

This was announced by one of the participants of the traditional meeting of the NBU head Valeria Gontareva with bankers that was held this week, the "Interfax-Ukraine" reported.

"It was said that after the current restrictions on the issuance of foreign currency deposits to 15,000 AH per day expire on June 3, this amount may be increased to 250,000 UAH," – the source said.

As for issuance of hryvnia deposits, according to him, the NBU representatives predict the complete lift of the current limit of 150,000 UAH per day.

"Stabilization of the foreign exchange and deposit markets gives reason for gradual liberalization on the market of physical persons’ deposits, as well as cancellation of a number of restrictions on the foreign exchange market" – this comment by Gontareva after the meeting with bankers was published by the press service of the National Bank, without specifying other details.

As reported, in late February 2014, the National Bank restricted cash withdrawal in foreign currency from current deposit accounts through ATMs and bank windows to 15,000 UAH per day.

In addition, at the end of July 2014, the National Bank extended the previously imposed restrictions on cash hryvnia issuance through ATMs and bank windows to 150,000 UAH per day on current and deposit accounts of clients.