The NBU returns to its usual regime in matters of buying and selling currency.
The National Bank announced that from May 10 this year year will come into force a number of changes regarding currency restrictions. This is stated in the NBU statement with reference to the relevant resolution.
The regulator clarifies that these are the following restrictions:
- cross-border transfers.
Foreign investors are allowed to transfer abroad funds received after April 1, 2023 in connection with the repayment or payment of income on domestic government bonds (IGLBs) of Ukraine in accordance with the terms of their placement. The NBU also allowed remittances abroad to pay alimony;
- settlements abroad.
Settlements abroad for the purpose of purchasing securities, shares, bonds and paying for brokerage services for these transactions carried out using cards issued by Ukrainian banks are temporarily prohibited. Relevant changes are aimed at limiting the unproductive outflow of capital and protecting Ukraine's international reserves.
Please note that the changes do not apply to the use of payment cards abroad and in Ukraine for payments to pay for any other goods, works and services . They can continue to be carried out without restrictions; NpU operations on the sale and purchase of foreign currency.
The NBU will suspend daily non-cash transactions for the purchase and sale of foreign currency in euros and will conduct such transactions exclusively in US dollars. They will be carried out both on the terms of “then” (in the normal mode) and on the terms of “then” (only to meet the needs of defense). In other words, the NBU is returning to its usual practice, as before the start of the large-scale war in Ukraine the central bank conducted foreign exchange transactions with banks only in US dollars.
It was also determined that the bank will be able to conduct operations with the National Bank on the purchase and sale of foreign currency if in the 10 calendar days preceding the day of application to the NBU, he never violated the limit of the total long open currency position.
Read also: National Bank said when to withdraw the hryvnia from the fixed exchange rate
It will be recalled that on February 24, the NBU fixed the dollar exchange rate at UAH 29.25. However, in early April the official hryvnia exchange rate set by the National Bank during the war was almost the same as the black exchange rate of the cash market and the hryvnia exchange rate abroad.
