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Ukraine’s Central Bank Introduces Limit on Forex Withdrawals

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KIEV—The National Bank of Ukraine on Friday introduced a temporary limit on foreign-currency withdrawals from private cash accounts to counter a rush for cash amid a sharply depreciating national currency.

“The National Bank adopted a temporary decree, which limits withdrawal of cash from the current foreign-exchange accounts at the equivalent of 15,000 hryvnia ($1,500)” at the current exchange rate, the newly appointed chairman of the central bank, Stepan Kubiv, told reporters. He added that the limit will be…

ukraines central bank introduces limit on forex withdrawals

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