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National Bank of Ukraine simplified financial operations for Ukrainians
22:09, 24 February 2017
National Bank of Ukraine simplified financial operations for Ukrainians

Individuals can now hold foreign currency earnings in the accounts overseas without individual license from the National Bank

22:09, 24 February 2017

Ukrainian photo

The National Bank of Ukraine has simplified foreign operations for Ukrainian people. This was reported by the press service of the National Bank.

According to the message, individuals will now be able to hold foreign currency, which they received outside Ukraine, in accounts abroad without ever getting a permit from the National Bank.

The Bank will no longer require individual licenses for investing oversees using the funds earned outside Ukraine. For example, investment from foreign accounts, reinvesting money outside Ukraine, trading with financial instruments on foreign exchange, and so on.

However, in order to transfer money from Ukraine to invest or accumulate them in foreign accounts, individuals will still have to get the permission from the National Bank.

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