During the one month of martial law, the banking system will operate without any new restrictions on currency or money markets
Thursday, November 29, 2018

During the one month of martial law, the banking system will operate without any new restrictions on currency or money markets

During the one month of martial law, the banking system will operate without any new restrictions on currency or money markets, the National Bank of Ukraine said in an official statement. “Today, banks are sufficiently stable, liquid and capitalized,” the central bank said. “Accordingly, no administrative restrictions on the currency or money market are being introduced.” If needed, the central bank can intervene to help troubled banks. Similarly the bank said it is monitoring exchange rates and has enough reserves — $17.8 billion – to “intervene to smooth excessive exchange rate fluctuations.”

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