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Restrictions on cash transactions will help banks, says NBU official
Journal Staff Report

KIEV, Sept. 2 The restriction on cash transactions by individuals to the level of UAH 150,000 from September 1 will expand the crediting opportunities of banks, reduce the circulation of dollars and ensure the general positive impact totaling 0.2% of GDP, National Bank of Ukraine Deputy Governor Vira Rychakivska said.

"If we take a short-term resource, we assess that this could be up to UAH 6 billion, and if we take a long-term resource the crediting volumes could grow by around UAH 14 billion," she said at a briefing last week.

She said that the factor will promote the reduction in the cost of credits.




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Currencies (in hryvnias)
  11.12.2017 prev
USD 27.11 27.12
RUR 0.457 0.457
EUR 31.83 31.96

Stock Market
  08.12.2017 prev
PFTS 303.9 303.8
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