Starting Feb. 7, post offices as well as bank ATMs will be authorized to dispense dollars and euros

Wednesday, January 9, 2019
Starting Feb. 7, post offices as well as bank ATMs will be authorized to dispense dollars and euros

Starting Feb. 7, post offices as well as bank ATMs will be authorized to dispense dollars and euros, according to liberalized foreign currency rules posted on the website of the National Bank of Ukraine. Drawn up by central bank and IMF experts, the new regime liberalizes or abolishes 20 controls. Individual licenses for currency transactions will be canceled, banks will be allowed to sell customers government securities in foreign currencies, and individuals will be allowed to withdraw from ATMs up to UAH 150,000 – currently $5,357 – in dollars or euros. The phase in period is from Feb. 7 to Aug. 7.

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