Banks buy currency higher than sell rate
The National Bank asked commercial banks to buy foreign currency higher than selling in an attempt to prevent a black currency market.
The National Bank asked commercial banks to change the exchange rates in currency exchange offices yesterday. Foreign currency is bought from people at a higher rate than it is sold to them.
It is connected with the fact that the sale rate is indicated without the 30% fee.
The new measure is supposed to prevent deals ‘in the black money market’.
