Kommersant: NBU threatens to limit the earnings of foreign exchange traders

Late last week, department director of the National Bank of currency regulation Elena Shcherbakova letter sent to banks, which recalled that, according to anti-crisis laws regulator should limit the margin between buying and selling rates of exchange. Until January NBU did not impose additional restrictions, as the margin in the kiosks banks do not exceed 2%. In recent years, according to the National Bank, the difference between buying and selling rates range from 2% to 5,5%. "This situation provokes the adverse exchange rate expectations on the part of citizens", - stressed the official.

NBU still hopes that banks choose to give up "the possibility of obtaining instant benefits from conducting transactions with foreign currency in favor of policies that will ensure the achievement of exchange rate stability." In this case the decree number 538, approved by the Ministry of Justice on November 9, states that "The National Bank shall be entitled to limit the size of margin transactions in the cash currency market."

bankers told that the lights returned to the practice of phone calls and threats. "When we set the real market rate, get a call from the NBU and asked to bring it to an official, - the chairman of a small bank .- When asked how their losses, we are told: gather additionally additional commissions. In an effort to work on official rates, banks have sharply reduced the volume of transactions on buying dollars and conduct business transactions through cross-rate in the euro. They buy on the Ukrainian market of the euro, and only for them to buy dollars on the real exchange rate. According to official statistics, last week the deal with the U.S. Dollar is only half of the interbank market, whereas previously they exceeded 80% of the interbank market.

Experts see threat NBU expected tightening, though no one saw a margin of 5,5% (about 40 cop.). "We all try not to exceed the diffef96rence of 2%. But on Wednesday, when they were the peak values of course, some small banks in the system of verification applications on the interbank market exhibited a purchase of 7,99 grn /$, and the sale - to 8,25 grn /$ . This infuriated the National Bank ", - explained the treasurer of one of the largest banks. The banker believes that after this letter, banks will become more cautious in setting rates. According to the portal Finance.ua, on Friday cash hryvnia strengthened with 8,105-8,196 UAH /$ to 8,066-8,165 grn /$.

In the case of the introduction of restrictions bankers no doubt strengthen me near the banks. Director of Treasury Bank "Kyiv" Felix Indenbaum sure that the appearance of cash in the banks can only contribute to limiting unnecessary grivnevoy liquidity. "Stability of the course can occur only after the presidential election. Many rich people are afraid of the power shift and moved their money from deposits in current accounts to ensure that in case of emergency, to transfer them to offshore," - said the director of Treasury"s one of the largest banks.

Ruslan Black

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