KIEV, Nov. 18 - The National Bank of Ukraine has revised the procedure for forming obligatory reserves, increasing from 6% to 7.5% the reservation norm for short-term funds and deposits of legal entities and individuals in foreign currency, according to NBU letter to the banks No. 19-015/9392-13802.

According to the letter, corresponding changes are stipulated in NBU resolution No. 407 dated November 15, 2011.

The resolution comes into force on November 30, 2011.

The remaining norms of obligatory reservation remained unchanged: The norm for legal entities' and individuals' on-demand deposits and funds in the hryvnia on current accounts is 0%, that for legal entities' and individuals' on-demand deposits and funds in foreign currency on current accounts is 8%, while the norm for fixed funds and deposits in the hryvnia is 0%, and that for long-term deposits in foreign currency is 2%.