Setting prices in Ukraine in foreign currency illegal and immoral - National Bank

17:56, 03.03.2022 1 min read

The National Bank of Ukraine (NBU) condemns the decisions of businesses and people in the current difficult situation to set prices for goods and services in foreign currencies, in particular in dollars or euros.

"Setting prices in Ukraine in foreign currency is illegal. Such actions are not only immoral in a war, but are also a direct violation of Ukrainian legislation," the National Bank said in a statement on Thursday.

The NBU recalled that the hryvnia as a national currency is the only legal tender on the territory of Ukraine and must be accepted by all individuals and legal entities without any restrictions throughout the country and for all types of payments in accordance with Article 35 of the Law "On the National Bank of Ukraine".

The regulator clarified that, in particular, he became aware of cases of setting prices for rental housing in euros in Ukraine, which violates the law.