NBU cuts limit for obligatory sale of currency for exporters to 65%, doubles limit for purchase of cash currency

10:00, 09.06.2016 1 min read

The National Bank of Ukraine (NBU) has decreased the limit for obligatory sale of foreign currency coming to Ukraine to companies from 65% to 75% and doubled the limit for buying cash currency – to UAH 12,000.

The decision is outlined in NBU resolution No. 342 of June 7 on regulating the situation on the Ukrainian monetary and credit market that will take effect on June 9 and will be in force until September 14, 2016 (apart from the requirements on repatriation of dividends).

According to the document, the limit for selling bank metals do not apply to coins made of precious metals, including investment coins of Ukraine.

The regulator said that the mitigation of administrative currency restrictions imposed in 2014-2015 is gradual and linked to the further stabilization of the situation on the Ukrainian monetary and credit market.