The national Bank has announced monetary relief for exporters
From 5 April to exporters reduced the rate of mandatory sale of foreign currency proceeds on the interbank currency market of Ukraine.
About it reported in a press-service of the regulator citing the decision.
“The national Bank softens requirements for the mandatory sale of earnings in Ukraine in foreign currency. From now on, the legal entity must not sell 65%, and 50% of their foreign exchange earnings,” – said in the message.
As noted, first and foremost, this step is aimed at further promoting export activities of Ukrainian companies, which need to import for production, which subsequently sold abroad.
We will remind, Ukraine has received from IMF under the new expanded program of lending $ 7.5 billion, not including the current tranche of $ 1 billion, which is not yet credited to the account of the national Bank and which will direct on replenishment of reserves of the regulator. Overall, the program signed in the spring of 2015, for four years, and the total amount of the loan amount to $ 17.5 billion.
After receiving $ 1 billion in foreign exchange reserves of the national Bank amount to 16.1 billion dollars.