National Bank of Ukraine not to limit financial operations because of Covid-19

Source : 112 Ukraine

Currency operations and issuance of loans are allowed
11:38, 10 April 2020

Open source

No restrictions in the market of financial operations will be imposed due to the spread of Covid-19 disease. The press office of the National Bank of Ukraine reported that, quoting Andriy Blinov, the coordinator of the Expert Platform of the NBU. 

"No restrictions, either on issuing loans or currency operations - are not and will not be imposed", he said.

According to him, Ukrainians even return some money to the banks.

Blinov underscored that the Ukrainian banking system calmed down the wave of negative effects of the pandemic and the respective lockdown measures.

Related: Ukraine's currency rate somewhat stabilized, makes 27.73 UAH per 1 USD

"The currency market calmed down. The extreme demand among the population and the business decreased. The NBU stopped large-scale interventions to sell currency, but it keeps evening out the fluctuations. On certain days, the authority even re-deemed the excess of currency on the market, re-filling its reserves. There are enough reserves to keep the situation calm", Blinov concluded.

Related: Foreign currency shows minor increase in price


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