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National Bank of Ukraine to lift restrictions on exchange rate.

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The National Bank of Ukraine said it would remove restrictions on the exchange rate at which banks sell foreign currency on May 21. Previously this rate could not deviate from the official rate by more than 10%. The bank also temporarily reduced the monthly limit on cash withdrawals abroad from hryvnia accounts from 100,000 Hr($3,418) to 50,000 Hr ($1710).

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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