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                        THURSDAY, NOVEMBER 28, 2024
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Business    

Bankers object to new regulation requiring hryvnia reserves
Journal Staff Report

KIEV, May 25 – The parent structures of banks with foreign capital are strongly against an order by the National Bank of Ukraine that bank reserves only be formed in the Ukrainian currency, the hryvnia.

"We ask to change the rules of the game for all banks. For example, we need to sell foreign currency worth $60 million within a month to meet the norm. Why should we? We've already brought foreign currency into the country, extended it in the form of loans, and now we should bring some more and sell it on the interbank market? Our stockholders are strongly against this,” Ukrsotsbank Governor Borys Tymonkin said during a roundtable arranged by the Dzerkalo Tyzhnia newspaper for representatives from non-state Ukrainian-based banks.




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Currencies (in hryvnias)
  28.11.2024 prev
USD 41.60 41.50
RUR 0.370 0.394
EUR 42.80 42.68

Stock Market
  27.11.2024 prev
PFTS 507.0 507.0
source: PFTS

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