The NBU is preparing for the second stage of currency policy liberalization.
The head of the National Bank, Andriy Pyshnyi, said at a meeting with businesses: “The NBU is determined to continue currency liberalization despite all the challenges posed by the war. We will continue moving in this direction as soon as the appropriate prerequisites appear. We have already made significant progress in implementing the first stage of improvement in currency restrictions. We prioritize its completion and the transition to the implementation of the second stage.”
For his part, NBU Deputy Chairman Yurii Geletiy noted that the second stage of easing restrictions will involve further liberalization of trade financing, the ability to manage banks’ currency risks, and permission to repatriate interest on “old” debt obligations.
Ukrsibbank recently announced that the currency restrictions introduced since the beginning of the full-scale invasion have become a new factor preventing the attraction of foreign investment in Ukraine.