The National Bank of Ukraine (NBU) is preparing to introduce new restrictions on card-to-card fund transfers. In an interview with "Economichna Pravda", the head of the NBU, Andriy Pishniy, said this.
According to the plans of the NBU, from August 12 to 18, 2024, at a meeting of the board, a decision on limiting the number and amount of transfers from card to card will be considered. The proposed limit provides for no more than 30 operations per month for a total amount of no more than 100,000 hryvnias. However, banks will be able to increase these limits at their own discretion.
The head of the NBU noted that the announcement of the restrictions caused considerable criticism and misunderstanding among the public, especially among volunteers. "We held several meetings with volunteers, collected their feedback, showed how the planned solution will allow banks to take into account the needs of volunteers and answered their questions. The degree of discussion has decreased, and this indicates that we are approaching the adoption of the decision announced by the NBU," Pyshnyi said.
Pyshnyi also emphasized that changes to the legislation are necessary to combat "drop" schemes. "We must turn to the parliament to consider the relevant changes and be ready for discussions. "Drops" are a serious problem for the state budget, and we hope to be able to effectively solve this issue," he added.
Previously, the NBU canceled all restrictions on the sale of cash currency to the public, which, according to the regulator, will contribute to reducing the difference between cash and non-cash exchange rates. This should help stabilize exchange rate expectations and increase the stability of the foreign exchange market.
The NBU also believes that the introduction of new taxes or an increase in the rates of existing taxes can accelerate price growth in Ukraine.
