What will change for banks.
The National Bank of Ukraine adopted a number of changes to the functioning of the foreign exchange market. They are aimed at maintaining stability, reducing pressure on Ukraine's international reserves and preventing unproductive capital outflows, reports the Chronicle.info with reference to RBC-Ukraine. and short foreign exchange position of banks from 15% to 5% of their regulatory capital.
In addition, from April 30, 2022:
- banks are suspending the issuance of new savings certificates denominated in foreign currency. The restriction does not apply to the attraction of foreign currency deposits by banks;
- banks are temporarily prohibited from entering into a number of derivative money market contracts (except for swaps), namely:
- contracts, on the basis of which obligations arise for the parties to this a contract for the purchase, sale of foreign currency or banking metals for the hryvnia;
- contracts, the basic indicator of which is the exchange rate of a foreign currency against the hryvnia, a currency index (rates of several currencies) denominated in hryvnia, or the price of bank metals in hryvnia
Also with On April 30, the NBU clarified the procedure for determining the hryvnia exchange rate against foreign currencies by banks during operations using electronic means of payment. In particular:
- The hryvnia exchange rate against foreign currency should not exceed by more than 10% the official NBU exchange rate (which is valid on the day the bank reflects the operation) in case of debiting funds in hryvnia from the client’s account, if an interbank transfer for such a client’s operation is carried out in foreign currency;
- the hryvnia exchange rate against foreign currency must be equal to or higher than the official NBU rate (which is valid on the day the bank reflects the operation):
- in case write-offs from the client's account of funds in foreign currency, if the interbank transfer for such an operation of the client is carried out in hryvnia;
- in the case of crediting funds to the client's account in national currency, if the interbank transfer for such an operation is carried out in foreign currency.< /li>