Ukrainian central bank plans major forex liberalisation

The National Bank of Ukraine
The National Bank of Ukraine
Oksana Parafeniuk

Ukraine’s central bank announced a wide range of measures aimed at bringing about major liberalisation to the country’s foreign exchange regime, and said its own foreign reserves were at a five-year high.

The National Bank of Ukraine said the new forex regime will start to be put into effect from February 7, though 20 measures would go into effect immediately. The NBU published a total of 10 resolutions.

The new measures meant a move away from “sweeping control over each currency operation”,

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