The National Bank of Ukraine (NBU) pursuing the policy of currency liberalization seeks to permit repatriation of dividends for 2017 and relax limits for early repayment of foreign loans, the central bank has reported on its website.

"The closest priority in this area [liberalization of the currency market] is the permission to repatriate dividends for 2017... In addition, we can consider the possibility of further easing restrictions on early repayment of loans," Director of the open markets department at the NBU Serhiy Ponomarenko said.

According to him, the decision on dividends will be taken after analyzing the forecast information of banks about their clients' plans for transferring the relevant revenues.

According to the presentation possted on the website of the National Bank, in the longer outlook, the central bank intends to allow banks' customers to buy currency on the forward terms for repayment of foreign currency loans, to abolish the requirement for preliminary deposit of funds when buying currency in the interbank foreign exchange market on a separate account (T+1), as well as to lower the limit for compulsory sale of currency.

As for banks, the NBU intends step by step to review the limits of the common open currency position with a view to reaching the 5/5 (long/short) scheme in the future from 1/10, and to cancel the daily limit on the purchase of currency for the position of the bank that is currently set in the amount of 1% of regulatory capital.