Banks can sell cash dollars and euros to the public, but only to the extent that they bought from individuals. Non-cash sale of foreign currency by banks is prohibited.
The National Bank of Ukraine from April 14, 2022 allowed banks to sell cash foreign currency to the population, reports the Chronicle.info with reference to Focus.
< p>However, they warned that there are certain restrictions for the bank to sell cash to individuals. «To prevent pressure on the foreign exchange market, the NBU provided that an authorized institution can sell cash to customers within the difference between the total volumes of purchased and sold foreign currency in cash. This difference will be calculated starting from April 13, 2022», the NBU noted.
Associate expert «CASE Ukraine» Evgeny Dubogryz, in a comment to Focus, noted: & # 171; Now banks can sell dollars and euros in branches, but not more than the amount of currency they purchased from the population & # 187;. According to him, in the near future, banks will study the amount of currency they receive from buying from the population, and thus will decide how much currency they will send for sale to individuals at the cash desks of branches.
How will this affect the dollar exchange rate?
A separate question, what will the dollar exchange rate be like in Ukrainewhen such a scheme works.
According to NBU Resolution No. 71, the cash selling rate of banks may deviate by no more than 10% from the official NBU rate on the day of the transaction, and the purchase rate of cash currency by authorized institutions should not be lower than the official NBU rate.
& #171;In unofficial exchangers, the purchase rate is 31–31.2 UAH per dollar. Banks were allowed to sell at the official rate plus 10%. Therefore, the selling rate of the dollar can be a maximum of 32.17. Will banks set the purchase rate higher than it is now in exchangers?» — says the expert.
Although the NBU announced the start of selling foreign currency to the population, so far it is only about cash. When you try to buy non-cash currency in Internet banking, the operation does not go through, but an information appears that such a transaction is prohibited in accordance with NBU Resolution No. 18.