The National Bank of Ukraine (NBU) has allowed bank clients to buy foreign currency at the expense of credit funds.
This novelty is stipulated in NBU resolution No. 35 of Feb. 6, which is posted on the central bank’s website.
According to the document, customers are allowed to use loan funds to buy foreign currency within the limit set at Hr 150,000.
Thus, individuals can make online purchase of currency not only at the expense of personal funds on the cards, but also at the expense of the credit limit.
As reported, the Law “On Currency and Foreign Exchange Transactions” became effective on Feb. 7, having introduced more than 20 changes to liberalize the country’s forex market. In particular, individuals are able to buy foreign currency online within the limit of the purchase of Hr 150,000 in cash per day. However, the transfer of assets in foreign currency between individuals (except relatives) remains banned as before.
