Deciphering Ukraine's central bank move toward greater currency freedom
Central Bank aims to maintain a stable exchange rate for the hryvnia, while Finance Ministry advocates for a mild devaluation to boost budget revenues
On December 1, the National Bank of Ukraine (NBU) allowed Ukrainian banks to sell dollars and euros in cash, without limiting the amount.
Among other things, the regulator explained its decision by the need to bring cash and non-cash exchange rates closer together.
"All restrictions for banks and non-bank financial institutions on the amount of cash foreign currency they can sell to the public have been lifted," the central bank said in an explanation on its website.