NBU cuts term for return of currency income from 180 to 90 days

14:09, 19.11.2012 1 min read

The National Bank of Ukraine (NBU) has temporarily cut the term for the return of foreign currency income from 180 to 90 days, with the requirement to be in effect for six months.

The decision is stipulated in NBU resolution No. 475 of November 16, 2012, which took effect on November 19, 2012.

"Payments for goods exports and imports transactions… are to be carried out on time, in a period not exceeding 90 calendar days," reads the document published in official media.

According to the document, the decision was made to support stability of the Ukrainian currency market and stabilize Ukraine's balance of payments.