It is also permitted to make IPC (individual, partnership, and corporation) loans directly to the private sector, but only under stringent criteria. This latter power has not been used since the Great Depression but could be invoked in an emergency deemed sufficiently serious by the Board of Governors.
Thus, when and how will these decisions be implemented? The 1, 2, and 5 kopiika coins will cease to be means of payment in Ukraine from 1 October 2019. From that time onwards, these coins will no longer be accepted for cash payments for goods and services, and the NBU will commence the withdrawal of these coins from cash circulation.