The national Bank has eased foreign exchange restrictions

Нацбанк ослабил валютные ограничения

The NBU has eased restrictions on the foreign exchange market

The regulator is confident that innovation will not lead to additional pressure on the foreign exchange market.

The national Bank has allowed the purchase and transfer of foreign currency for placement outside of Ukraine of the security Deposit in the accounts of international payment systems. This was announced on Wednesday, October 11, the press service of the NBU.

“The national Bank continues the liberalization of currency regulation by the gradual easing of restrictions on the foreign exchange market”, – said the press service.

It is noted that this decision applies to both banks and non-Bank financial institutions. The NBU said that the funds should be used to secure obligations for transfers abroad.

Also, the national Bank clarified the order of application of exceptions to the prohibition of early repayment of credits, loans in foreign currency received by residents from non-residents. Under such exception covers all types of payments under certain credit agreements or loan agreements, that is, the payments on the principal sum including interest and other payments stipulated in the agreement.

“The changes will help to ensure proper conditions for the participation of non-Bank financial institutions in international payment systems and the further development of economic relations in Ukraine. At the same time, they will not lead to additional pressure on the foreign exchange market”, – stated in the message of the national Bank.

Earlier, the NBU Ukrainian banks has simplified the transfer of currency abroad.