NBU announced the withdrawal of three administrative restrictions on the foreign exchange market
The national Bank of Ukraine announced the withdrawal of three administrative restrictions on the foreign exchange market.
This is stated in the message controller Tuesday, may 30.
The NBU lifted the ban on the purchase of foreign currency in the case of a client’s own funds in the accounts in the amount exceeding 100 thousand US dollars in equivalent.
In addition, the limits for individuals on the transfer of funds outside Ukraine for non-commercial transactions (previously they were limited to the amount of 150 thousand UAH per month).
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Also, banks will be allowed to carry out operations on exchange of foreign currency without restrictions on the group of the Classifier of foreign currencies and Bank metals on the interbank and foreign exchange market.
Removing the restriction for individuals on the transfer of funds outside Ukraine for non-trading operations takes effect on 12 June 2017. Other changes – may 31, 2017.
The regulator noted that the easing of restrictions was made possible was made possible thanks to the long favorable situation on the foreign exchange market and balance the risk of inflation.
“Removing these restrictions will allow banks and their customers more flexibility to manage their own liquidity and a positive impact on the regulation of foreign exchange position of banks”, – stated in the message.
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However, the national Bank decided to keep the requirement for mandatory sale of foreign currency proceeds from abroad in favor of legal entities at the level of 50%.
We will remind, earlier the national Bank of Ukraine declared that is going to alleviate a number of administrative restrictions on the foreign exchange market.