The national Bank of Ukraine extended the monetary limits
The national Bank of Ukraine (NBU) has extended the expiration of the requirements for the mandatory sale of exporters 75% of foreign currency earnings for another 3 months, stated in the press service of the national Bank. This requirement was effective until December 2. In addition, extended requirements on foreign currency return in the period up to 90 days, reports TASS. Before the NBU cut the amounts of sales dollars on the interbank foreign exchange market with 5 million dollars to 3 million dollars daily. Its decision, the regulator argued that some banks took auctions only as a source of currency. In early November, the head of the national Bank of Ukraine Valeriya was assured that the currency auctions will be held every day for three to six months: sale was planned from 5 million to 10 million dollars per auction. At the end of October, the national Bank of Ukraine has removed limits on transactions in foreign currencies of a number of operations. Eleven of November I said that the national Bank of Ukraine will hold the " administrative measures " to stabilize the situation on the currency market, if market participants will prevail panic. Remember, 2 September, the national Bank of Ukraine ruled that the ATMs would be to give the money to the card holders only in UAH. Also was limited to cash withdrawal through POS and ATMs within 150 thousand UAH per day per customer. Ukraine is in a difficult political crisis that affects so not the best state of the economy and its budget. The national Bank of Ukraine did not exclude inflation to 19% in 2014. In addition, the lack of the capital budget of Ukraine has reached 3, UAH 2 billion (274 million). While the decline of Ukraine's GDP in the first six months of this year compared with the corresponding period of 2013 amounted to 3%. In the last month of summer, the former head of the national Bank of Ukraine Serhiy Arbuzov said that the banking system of Ukraine has already begun a technical default. According to the head of the National Bank of Ukraine Valeria Gontareva, since the beginning of this year, the devaluation of the Ukrainian hryvnia was 100%. For reviews of correspondents Voice of America, the Ukrainian economy is expected the grim future: assistance from international partners small investments decrease on the interior of the fall, and the reforms that are required to hold the current government, have the opportunity not bring the expected results.