Ukraine Eases Requirements on Forex Conversion - WSJ:
"In an attempt to feed its domestic market with much needed foreign currency, the National Bank of Ukraine on Monday eased requirements on conversion of incoming money, and simultaneously slashed the amount of currency a private person can buy at a bank in one day.
The bank said the measures will be "temporary, and will be cancelled following the normalization of the currency market."
Despite a fragile truce between the government and pro-Russian separatists in the east of the country, the national currency, the hryvnia, is trading only just above the all-time lows reached at the end of August, and volumes remain low. Ukraine's economy, suffering from the war, an ongoing political crisis and Russia's virtual ban on Ukraine goods, is expected to contract by at least 7% this year."
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