The National Bank of Ukraine on May 21 canceled the restriction, according to which authorized institutions could sell cash foreign currency to clients with a deviation from the official rate of not more than 10%, the regulator's press service said on Friday.
The corresponding changes were adopted by the NBU № 102 on May 20, which is published on the website of the central bank and comes into force on May 21.
The document also abolished similar restrictions on the establishment of the rate, according to which banks write off funds from clients' accounts in hryvnia, if clients pay with hryvnia cards abroad.
"The removal of restrictions on setting the rates at which banks sell foreign currency to the public will improve working conditions for legal entities of the market. This will strengthen competition, increase liquidity in the legal segment and reduce the volume of illegal transactions. All this will make the currency market more stable and will reduce the amplitude of exchange rate fluctuations in its cash segment," the press service quoted NBU deputy governor Yuriy Heletiy as saying.