The National Bank of Ukraine has equalized requirements for assigning cash ratings to safes used by banks and non-bank financial institutions operating in the currency exchange business. Amendments to this effect have been introduced by NBU Board Resolution No. 390, dated 4 October  2016  On Approval of Amendments to Some NBU Regulations.

"In an effort to promote greater transparency and accountability of the legal FX market, the NBU not only.

tightens the requirements for financial institutions engaged in currency exchange activities but also maintains a continuous dialogue with such institutions. The amendments regarding safe cash ratings, which have been approved by the NBU, prove the efficiency of such a dialogue, as well as the willingness and ability of the regulator to identify the market's needs and promptly respond to them,” said Acting Deputy Governor Ms Kateryna Rozhkova.

The resolution will allow banks and non-bank financial institutions to increase the maximum amount of cash/or other valuables that can be stored  in safes or vaults with a respective resistance grade. The maximum amount of cash that banks and non-bank financial institutions will be allowed to store in  safes with resistance grade II will be increased up to 2,000 minimum wages from the current 1,000 minimum wages.

On 29 September 2016, the NBU held a meeting with representatives from non-bank financial institutions engaged in currency exchange activities. The meeting participants discussed problems and the development prospects for this market, as well as measures to tackle illegal forex trading. In their view, a 2% surcharge levied on foreign exchange purchase transactions payable to the Pension Fund is the main reason behind the flourishing black market. The NBU and market participants hope that it will soon be abolished by the Ukrainian parliament.