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NBU will abate the 2% limitation on currency rate deviation

January 13, 2005 | Cbonds

The National bank of Ukraine will abate the 2% limitation on exchange rate deviation of cash currency from the official ceiling in the course of the month. This information was provided by Arseny Yatsenyuk, the first Deputy CEO of NBU.

Yatsenyuk said this measure was applied to the market in the moment of crisis, but now NBU has all reasons to call the limitations off, as the situation in financial sector has stabilized.

The 2% limitation on exchange rate deviation from the official ceiling was imposed by NBU on October 15, 2004, due to foreign currency deficit on the cash exchange market caused by excess demand.

Based on ProUA.com data

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