KYIV, Dec 1 – From December 1 this year, the National Bank of Ukraine (NBU) is lifting all restrictions on the sale of cash foreign currency by banks and non-bank financial institutions to the public in order to level the spread between cash and non-cash rates, the regulator said on its website on Thursday evening.

“According to NBU estimates, this will help minimize the difference between cash and non-cash rates and, as a result, stabilize exchange rate expectations and increase the stability of the foreign exchange market,” the statement said.