National Bank of Ukraine suspends foreign exchange market

The National Bank of Ukraine (NBU) has suspended the work of the foreign exchange market of Ukraine, except for the sale of foreign currency, the NBU Chairman Kyrylo Shevchenko said, Report informs via Ukrainian media.

"We suspend the work of the foreign exchange market of Ukraine, except the sale of foreign currency. The exchange rate of foreign currencies is fixed at the level of the official rate as of February 24, 2022," Shevchenko said in a video message on Thursday.

Kyrylo Shevchenko also said that cash withdrawals from the account are limited to UAH 100,000 per day, while non-cash transactions are not limited.

"We do not restrict any non-cash transactions. We limit cash withdrawals from clients' accounts in the amount of UAH 100,000 per day; this does not include salaries and social benefits," the head of the bank said.