Where are we    office@sw-partners.com +38(097) 946 65 81

The National Bank of Ukraine has extended the existing temporary restrictions.

In particular, the NBU has kept in place:

- surrender requirements at 65% for export proceeds;

 -the 120-day rule for settlements for export/import of goods;

- a one-day provisioning period for  banks to deposit funds in UAH required to purchase foreign currency from the interbank market;

- a ban on early repayment of loans in foreign currency to non-residents;

- cash purchases are limited to the equivalent of UAH 12,000 per day;  and cash withdrawals in foreign currency from clients’ accounts are limited to the equivalent of from UAH 250,000 per day.

 

All the restrictions except for two will have no expiration date, with the maximum length of validity being limited by the Law of Ukraine "On the National Bank of Ukraine and On the Procedure for Settlements in Foreign Currency". We are referring here to surrender requirements for export proceeds and settlement deadlines for export and import transactions. Accordingly, these two requirements will remain in force for six months until 15 June 2017 and might be either reviewed ahead of schedule or extended if NBU considers this being necessary.

 

https://bank.gov.ua/control/uk/publish/article?art_id=40677583&cat_id=55838