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Bank of Ukraine imposes limits on foreign currency deposit withdrawal

February 28, 16:47 UTC+4 KIEV
"For hryvnia deposits you may take as much as a million or two. Banks have liquidity," National Bank Chief Stepan Kubiv said
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© ITAR-TASS/Konstantin Sazonchik

KIEV, February 28. /ITAR-TASS/. Ukraine's national bank has imposed temporary limits to withdraw money from foreign currency deposits to sums equivalent to no more than 15,000 hryvnias (about $1,500) a day, without any limits for hryvnia deposits, National Bank Chief Stepan Kubiv told a press conference.

"For hryvnia deposits you may take as much as a million or two. Banks have liquidity," Kubiv said.

The chief banker also noted that the situation on Ukraine’s currency market was under control. "The exchange rate may move in one direction and the opposite. There are just emotions and misinformation on the financial market," he noted.

He assured the national bank would toughly stop violators of the currency law. For example, inspectors were sent to eight banks that had engaged in speculation, he said.

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