By its Resolution No.544 On Amendments to Legislative Acts on Trading in Foreign Currency (Resolution No.544) which was adopted on 14 December 2010 and came into effect on 28 December 2010, the National Bank of Ukraine (NBU) has further reshaped the rules of operation of the Ukrainian inter-bank currency market. In addition, by its Resolution No.569 On Amendments to Resolution No.614 of the Board of the National Bank of Ukraine of 22 December 2010 (Resolution No.569), the NBU has also lifted certain restrictions in respect of the registration of amendments to foreign currency loan agreements between foreign lenders and Ukrainian borrowers. These developments evidence that the NBU has taken initial steps towards liberalization of the Ukrainian currency control environment.