Ukrainian banks may sign a joint memorandum on reducing the monthly transaction limit, after which, in the absence of confirmed income, enhanced financial monitoring will be carried out.
Interfax-Ukraine reported this, citing its own sources.
One of the reporters' interlocutors noted that initially a limit of UAH 150,000 per month may be introduced from January 1, 2025, and from July 1 it will be reduced to UAH 100,000 per month.
Another interlocutor of the agency added that this will not only concern P2P transactions, which the National Bank of Ukraine has already limited to UAH 150,000 per month in one bank, but also IBAN transfers.
According to him, the first month of the National Bank restrictions showed that the volume of P2P transactions decreased by UAH 5.2 billion, but at the same time IBAN transfers increased by UAH 4 billion.
"The agency's interlocutors noted that both banking associations – the NACB and the Ukrainian Association of Banks - are participating in this initiative, and about half of the banks have already preliminarily approved such an initiative. It is expected that the vast majority of banks will join the memorandum, and it may replace the relevant regulation of the National Bank, which currently expires on April 1 next year," the report added.
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