The main thing for the week: Mandatory reserves of banks, the first cryptocurrency rules and how suitcases of currency are exported from Ukraine

Since the beginning of 2023, Ukrainian banks have doubled their required reserves and almost 6 times since the beginning of the war.

After the entry into force of the National Bank’s new requirements for the formation of mandatory reserves (RB) in the deposits of natural persons from May 11, 2023, their total volume increased by 8% to UAH 298.9 billion. And since the beginning of 2023 (January 11), it has increased by 2.1 times.

The threat of default again loomed over the USA: which currencies will win from this

Theoretically, the lack of consensus regarding the next increase in the national debt bar threatens the US default. Although everyone understands that the chances of such a development of events are simply poor, the presence of an unresolved problem makes investors nervous and forces them to go to safe-haven currencies.

The yield on deposits is growing: what are the maximum rates banks are willing to offer

In the last few months, interest rates on bank deposits of the population have been steadily growing. Moreover, if it initially concerned only hryvnia resources, now it is gradually being transferred to currency deposits as well. The question is only about what maximum returns on deposits private clients can get.

Will the dollar exchange rate be 36.6 hryvnias in the near future (video)

In this video, financial expert Alexey Kozyrev talks about the following: what will happen to the dollar in the near future, the forecast of the exchange rate of the dollar and the euro for the period from May 18 to 24.

Fuel reserves are left for 30 days: should you panic?

“There are only 30 days worth of fuel left in Ukraine…” – such news was recently spread by information sites with a link to the Ministry of Energy. Many people took this information as a signal to buy fuel until gas stations started raising prices. Is Ukraine really threatened by a fuel crisis and are the available reserves sufficient, Sergey Kuyun, director of the A-95 Consulting Group, said.

“Grain Agreement” extended for two months – Erdogan (updated)

The President of Turkey, Recep Tayyip Erdogan, announced that the Agreement on the Black Sea Grain Corridor has been extended for another 2 months.

A 5% tax is returned to FOPs and fines are introduced: how will it affect business

No later than July 1, 2023, the authorities plan to cancel all current benefits for FLPs. The corresponding norms are contained in draft law No. 8401, which has already been heard in the specialized committee and will be adopted under any circumstances. How the return to pre-war work rules will affect thousands of small business representatives and the Ukrainian economy as a whole, the Ministry of Finance found out.

Private depositors continue to carry currency to banks: what will happen to the rates on deposits in SKV

In the first quarter, the profitability of deposits for private clients increased by a record number of banks. Also, the majority of financial institutions recorded an increase in the deposits of individuals. This is evidenced by the NBU survey on bank funding for the II quarter. About trends in the deposit market and changes in banks with a deposit portfolio of UAH 2 billion – in the latest review of the Ministry of Finance.

The European Commission presented the economic forecast for Ukraine for the first time

On May 15, the European Commission for the first time prepared an economic forecast for Ukraine, which turned out to be surprisingly positive.

Buying an apartment in a new building: how to save up to 20% and earn up to 10% per year in foreign currency

Against the backdrop of declining demand, developers began to actively implement new loyalty programs. Repurchase, guaranteed income at 10% per annum, and many others have been added to the usual installment plan offers. The Ministry of Finance will explain how developers attract investors and what bonuses they offer.

The EU has approved the world’s first cryptocurrency regulations

The European Union states on Tuesday finally approved the world’s first comprehensive set of rules for the regulation of crypto-assets.

How suitcases of currency are taken out of Ukraine and where do they go?

The war provoked a serious outflow of cash and precious metals from our country. In 2022, people immediately increased the export of currency values ​​by 2.2 times, which is confirmed by the official data of the Customs Service. This is what was written in the declarations of natural persons and transported across the border in suitcases. Over time, part of the funds settled in accounts in Europe. The Ministry of Finance will explain how money is exported and what procedures Ukrainians subsequently go through to open foreign accounts.

The National Bank named the most profitable banks since the beginning of the year

From January to March 2023, financial institutions received 34.056 billion hryvnias in profit after taxation, according to data from the National Bank of Ukraine. The most profitable was Privatbank, which earned 16.043 billion hryvnias. According to the NBU, Oschadbankk is in second place, with revenues of 2.089 billion hryvnias.

Additional payments: Ukrainians will be able to receive UN financial aid again

The Ministry of Social Policy prepared a draft resolution of the Cabinet of Ministers on the implementation of a joint project of the UN World Food Program on additional measures for social support of pensioners.

Source: Ministry of Finance

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