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Ukraine’s central bank extends limited access to foreign currency

March 04, 2015, 14:52 UTC+3 KIEV
The country’s central bank also prolonged the ban on foreign currency transfers outside Ukraine of more than $6,000
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© ITAR-TASS/Valeriy Matytsin

KIEV, March 4. /TASS/. Ukraine’s National Bank said on Wednesday it has extended until June 3 a regulation limiting the sales of foreign currency to around $120 to one person per day.

The country’s central bank also prolonged the ban on foreign currency transfers outside Ukraine of more than 150,000 hryvnia ($6,000) until the same period.

Since March 4, the National Bank also extended the regulation that obliges exporters to sell 75% of their foreign currency revenues and raises the annual benchmark interest rate to 30%

The measures are aimed at halting the hryvnia’s free fall. The hryvnia, the world’s worst-performing currency, has reached a historic low in the past five years of below 30 per dollar.

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