Legal Alert

NBU cancelled the requirement on mandatory sale o...

18 July 2014


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Due to certain stabilization of the foreign exchange market of Ukraine, the National Bank of Ukraine (hereinafter referred to as “the NBU”) cancelled the requirement on mandatory sale at the interbank market of Ukraine of foreign currency proceeds of individuals received from outside of Ukraine in the amount which equals to or exceeds the equivalent of UAH 150,000 per month.

Respective decision was adopted by Resolution of the NBU Board “On Amending Certain Legislative Acts of the National Bank of Ukraine” No. 423 dated 15.07.2014 (hereinafter referred to as “the Resolution”).

The Resolution comes into effect on the day of its official publication.

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