NBU Prohibits Changing Intraday Exchange Rates
OREANDA-NEWS. On 14 January 2009 was announced, that the National Bank of Ukraine by its letter #28-212/124-388 from January 12, 2009 obliged all banks and exchange kiosks to set exchange rates daily prior to the beginning of the business day starting from January 13, 2009.
Meanwhile, the instruction dealing with the exchange rate setting may be issued exclusively by the board chairs of these banks. The managers of banks’ structural units are prohibited from setting the foreign currency exchange rates.
The National Bank of Ukraine made responsible the board chairs of commercial banks for compliance with the requests specified in this letter.
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