NBU introduces emergency regime for banks in counterterrorist operation area, Crimea from July 24 – press service
The National Bank of Ukraine (NBU) from July 24 introduced the emergency regime of operation for banks in Luhansk, Donetsk regions and Crimea, reads a posting on the Web site of the NBU.
"From July 24, 2014, the NBU introduced the emergency regime of operation for the banking system in Luhansk, Donetsk regions and Crimea. The decision is linked to the situation which makes impossible the operation of the banking system in the usual regime and it is aimed at the provision of financing of the needs of the state and vital activity of the population," reads the report.
As reported, the NBU approved rules on the organization of the operation of the banking system in the emergency regime in resolution No. 435 of July 22.
According to the document, the NBU board has the right to make decisions on the suspension and ban of the operation of banks or carrying out certain transactions.
It is foreseen that if banks do not have a possibility of sending a banking payment via the electronic payment system, they are obliged to ensure the acceptation of payment orders in the national currency on paper or in the form of electronic documents from payers that will be sent to the bank using the remote servicing system.
In addition, the NBU regulates the operation with cash in the emergency conditions, in particular, foreseeing damage of cash by paint or in other way in the territorial departments if it is impossible to take out the banknotes.
The central bank also could amend a procedure for forming and storing obligatory reserves if the emergency regime is introduced on the basis of order documents and a procedure for issuing and paying refinancing credits.
According to the document, if the emergency regime is introduced, the NBU can also change some requirements, in particular, on the organization and functioning of the foreign currency market, interstate payments, settling of transactions with foreign currency (trade and non-trade transactions linked to movement of capital) and movement of currency values via the customs border of Ukraine.
