Ukraine Markets Weekly (January 10, 2017)
Macro & politics update
- Consumer prices increased by 0.9% m/m in December 2016. Year-to-date, consumer prices increased by 12.4%. Consumer prices grew by 13.9% y/y on average in twelve months of 2016./li>
- Ukraine’s foreign reserves grew by 1.8% m/m in December of 2016, and amounted to USD 15.539 bn as of January 1, 2017. The country’s official reserves increased by 17% or USD 2.2 bn in 2016.
- From January 4, 2017, the National Bank of Ukraine (NBU) lowered the cap on cash transactions involving individuals, including payments on contract between individuals requiring notarial certification, from the earlier daily ceiling of UAH 150 thousands to UAH 50 thousands (USD 1840 at current NBU rate). Individuals are allowed to carry out any transactions exceeding the UAH 50 thousands ceiling only by way of bank current or deposit account in national currency.