KIEV, Sept. 20 – The National Bank of Ukraine has increased the reserve asset ratio for long-term assets and bank deposits by legal entities and individuals in foreign currency from 5% to 7%, the NBU said in a statement.

This is stipulated in NBU resolution No. 371 dated September 19 on monetary market regulations.

The new requirements will be effective as of September 30.

"The NBU continues taking comprehensive measures aimed at the fulfillment of its major function – ensuring the stability of the Ukrainian currency… One of the tools and methods of the monetary policy is the adjustment of requirements for the formation of mandatory reserves by banks," the NBU said.