KYIV, March 30 - The National Bank of Ukraine (NBU), taking into account the favorable situation in the foreign exchange market, has decided to abolish a number of irrelevant temporary administrative restrictions for banks and businesses when carrying out currency transactions, the central bank said.

First of all, the National Bank expands the capacity of banks to conduct foreign exchange transactions in the interbank market.

"Earlier, the allowed volume of sale and purchase of foreign currency and banking metals by banks amounted to 0.5% within one working day, and from August 4, 2017 some 1% of the size of regulatory capital. From March 30 of this year, this requirement will be invalidated, and then measures for its violation will be cancelled," the report reads.