PrivatBank decides to sell foreign currency only to place it on deposit accounts

14:59, 23.10.2014 1 min read

The largest bank in Ukraine, PrivatBank (Dnipropetrovsk), has decided to sell foreign currency only to place it on the deposit accounts, First Deputy Board Chairman and Head of the credit cards and salary project division Oleh Horokhovsky has said.

"From October 23, foreign currency within UAH 3,000 [the limit set by the National Bank of Ukraine] is sold only with the purpose of placing it to deposit accounts," he wrote on his Facebook page.

As reported, the NBU is taking emergency measures to stabilize the situation on the Ukrainian financial market. From September 23, 2014, the central bank toughened the restriction for purchase of foreign currency by five times, to equivalent of UAH 3,000 a day at one bank.