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National Bank of Ukraine simplifies terms of currency purchase
18:29, 19 July 2017
National Bank of Ukraine simplifies terms of currency purchase

It allows to simplify the conduction of the operations on export and import of the capital and improve the regulatory and legal framework of the NBU

18:29, 19 July 2017

dsnews.ua

The National Bank of Ukraine (NBU) simplified the terms and the order of the currency purchase and the transfer of the foreign currency for the range of the operation within the further liberalization of the currency regulation.  The press service of the regulator reported this.

First of all, the order of the purchase and transfer of the foreign currency on foreign investors' operations with the domestic government loan bonds is simplified. The operations with the domestic government loan bonds received by the conversion of the depositary receipts and released for the domestic government loan by the foreign bank are also regulated.

Moreover, if the payment on the foreign investment and its future return are transferred via the same bank, the client can file the simplified set of the documents that is the basis for the conducting of the operations.

The National Bank also established the standards of the currency purchase for the operations connected with the fulfillment of the obligations by the resident-guarantee or warranter instead of the resident-debited for the non-resident on the external economic agreement and for the representative bank on the loan agreement in the foreign currency.

'These steps will not lead to the unsteadiness at the current market and at the same time it allows to simplify the conduction of the operations on export and import of the capital and improve the regulatory and legal framework of the NBU', the message noted.

The proper changes are documented in the resolution of the NBU 'On amending of Provision on order and terms of foreign currency trading' #65 from July 18, 2017 that will come into force on July 20.

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