KIEV, July 27 – The National Bank of Ukraine plans to lower the use of cash by reducing the upper limit of cash payments between individuals by two-thirds, to UAH 50,000, the regulator said on its website.

Draft NBU resolution on amending NBU resolution No. 210 of June 6, 2013 has been posted on the central bank's website.

The NBU said that the decision to cut the limit for cash payments is linked to the necessity of providing stable inflow of cash to the banking system and developing the cashless segment.