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ARTICLE · 23 MARCH 2017

National Bank Of Ukraine Simplifies Currency Control Rules

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The National Bank of Ukraine has recently announced some changes in currency control rules.

UkraineFinance and Banking
Nadiya Omelchuk
Nadiya Omelchuk
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The National Bank of Ukraine has recently announced some changes in currency control rules. The changes were approved by the National Bank of Ukraine on February 23, 2017 and took effect from 25 February 2017.

The National Bank adopted the below simplifications:

- Cancelation of individual licenses for Ukrainian individuals from the National Bank of Ukraine

- Simplification of foreign currency exchange rules for Ukrainian businesses

- Introduction of additional reason for National Bank of Ukraine to refuse granting of individual license

Individuals, citizens of Ukraine, can now perform the following actions outside Ukraine without individual licenses issued by the NBU:

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