KIEV, June 21 – The National Bank of Ukraine has decided to toughen the obligatory reservation of accounts and deposits in foreign currency of companies and individuals from 3% to 5% for long-term deposits, from 9% to 10% for short-term deposits, and from 10% to 15% for called deposits and current accounts of individuals in foreign currency.

Resolution No. 241 takes effect on July 1.

According to the resolution, a requirement for the obligatory reservation of funds on accounts that were raised from non-resident banks and financial organizations in foreign currency (apart from in Russian rubles) was toughened from 3% to 5%.