NBU publishes resolution on currency restrictions

13:14, 09.03.2016 1 min read

The National Bank of Ukraine (NBU) has published a resolution of March 3, 2016 that prolongs the key currency restrictions, but it expands the daily limits for the sale of foreign currency and drawing it from accounts.

NBU resolution No. 140 took effect on March 5, 2016 and it will be in effect until June 8, 2016.

According to the document, the NBU extends the requirement of mandatory sale of 75% of currency revenue and its return to Ukraine in the 90-day period, a ban on the early payment of credits and loans in foreign currency by residents under agreements with residents and other restrictions.

The central bank said that the upper limit for selling cash foreign currency is increased to UAH 6,000 from UAH 3,000. The limit for issuing cash in foreign currency and banking metals from accounts of banks' clients was increased from UAH 20,000 a day to UAH 50,000 a day, and in the national currency from UAH 300,000 a day to UAH 500,000 a day.