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New currency exchange rules could boost shadow market, analysts say
Journal Staff Report

KIEV, Nov. 23 The new procedure for conducting currency exchange transactions that took effect on Nov. 20 could lead to the revival of a shadow currency market, according to bankers polled by Interfax-Ukraine.

"The new requirement introduced by the NBU will take a major part of the cash market into the shadow market, as banks won't be able to carry out transactions with large sums and will stop purchases or sales from cash desks if the interbank exchange rate actively changes during the day," said the board chairman of Kiev-based Prominvestbank, Viktor Bashkirov.




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Currencies (in hryvnias)
  20.10.2017 prev
USD 26.50 26.43
RUR 0.460 0.461
EUR 31.36 31.05

Stock Market
  19.10.2017 prev
PFTS 298.3 297.7
source: PFTS

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