KIEV, April 9 – The National Bank of Ukraine has decided to temporarily ban banks that fail to observe its requirements for carrying out some currency transactions, citing the aim of ensuring the stability of the banks' operations and stimulating bank capitalization.
The decision is stipulated in NBU resolution No. 202 of April 7: the document took effect on April 8 until May 7, 2014.
The measures apply to banks that fail to keep within the limits of the general open currency position linked to the increase in the foreign currency exchange rate to the hryvnia after February 6, 2014.
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