NBU forbids changing currency rates during one day, giving over UAH 80,000 to one client

The National Bank of Ukraine has forbidden to the financial institutions changing foreign currency purchase and sale rates during one operations (working) day, and conducting currency sale transactions via a cash office with one client for a sum exceeding an equivalent of UAH 80,000 (1 USD - 7.99 UAH).

This resolution was registered at the justice ministry, and takes effect on November 20, 2009. The paper reads that a board chairman of the bank only may set a single rate of the currency purchase and sale for the hryvnia before the operations day starts. The central bank also assumed the right to setting limit margins on the cash forex market transactions. It is forbidden to take a commission for the purchase and sale of foreign currency.

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