In Ukraine, currency restrictions have been eased: what will change for citizens and businesses.
National Bank liberalizes currency regulation
Starting Saturday, May 10, the National Bank of Ukraine will introduce a number of changes in currency regulation aimed at easing restrictions for citizens and businesses. The beginning of stimulative currency liberalization has been announced, aimed at attracting foreign investment to Ukraine.
According to information from the NBU, it has been decided to expand the financing possibilities for foreign representations of Ukrainian companies. This will allow domestic enterprises to more effectively support their activities abroad.
'We continue to gradually liberalize the currency market while maintaining macro-financial stability,' the National Bank stated.
Additionally, the regulator has increased limits on corporate card transactions abroad and simplified payment of consular fees outside the country. The new rules are also aimed at stimulating foreign investment through the introduction of an investment limit.
According to the NBU, the changes introduced will not negatively affect the currency market of Ukraine, as all transactions will be limited by the volume of attracted funds.
It is also worth noting that a 'blacklist' of bank clients will soon appear in Ukraine.
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