With a view to maintaining foreign market stability and curbing unreasonably heightened demand for foreign exchange from banks' clients that triggers turbulence in the foreign exchange market, on February 24, 2015, the National  Bank of Ukraine passed  Resolution No 130 On Amendments to Some NBU Regulations  (hereinafter – Resolution No 130).

Resolution No 130 has specified that funds in hryvnias that a bank has deposited upfront to a separate analytical account to purchase foreign exchange on behalf of its clients can be transferred to purchase foreign exchange not earlier than the fourth day from the date of crediting these funds to this account.

Advance payments in foreign exchange under import contracts of clients exceeding USD 50 thousand shall be executed not earlier than the fourth business day from the date the bank submitted information to the register.

The provisions of Resolution No 130 has temporarily (effective until February 27, 2015) restricted the rights of banks to purchase foreign exchange on behalf of clients.

Banks are allowed to conduct their own transactions involving the purchase of non-cash foreign exchange using hryvnias within the limits set on the open foreign exchange position in an amount not exceeding 0.5 percent of the bank's regulatory capital within one business day.