The central bank canceled limits on repatriating dividends yesterday

The central bank canceled limits on repatriating dividends yesterday, erasing a cap of €12 million per month. The National Bank of Ukraine may have timed the liberalization to brake the hryvnia’s rise against the dollar, a 6% increase this year. But during the first half of this year, companies only repatriated $1.27 billion in dividends, 4% of total bank customer demand for foreign currency.