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ARTICLE · 08 JUNE 2017

NBU Amends Currency Legislation - May 29, 2017

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Within the framework of its gradual liberalization policy, the National Bank of Ukraine ("NBU") introduced certain changes to the applicable currency legislation.

UkraineFinance and Banking
Natalia Selyakova
Natalia Selyakova
Nadiya Shylienkova
Nadiya Shylienkova
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Within the framework of its gradual liberalization policy, the National Bank of Ukraine ("NBU") introduced certain changes to the applicable currency legislation. These changes were approved by NBU Resolution No. 41 dated 26 May 2017.

NBU introduced the following novelties:

  • It is now allowed to purchase foreign currency\\ transfer proceeds received from the sale of securities / corporate rights, share capital reductions and exits from companies, in an amount not to exceed the equivalent of US$5,000,000 per one month.
    • No such restrictions apply to the transfer of foreign currency proceeds from the sale of Ukrainian state bonds or from the sale of debt/listed securities on stock exchanges. In force from 12 June 2017.

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