The National Bank of Ukraine (NBU) has simplified the purchase of foreign currency for certain transactions, according to the central bank’s website.
The NBU, in particular, allowed business entities to buy currency at the expense of loan funds in the hryvnia attracted under state guarantees for implementing programs related to improving the defense capacity and security of the state.
In addition, the NBU introduced a simplified procedure for buying foreign currency to return to foreign investors abroad interest accrued on the balance of funds on the investment account.
The corresponding decision is stipulated in NBU decree No. 22 dated March 14, on amending certain normative and legal acts of the NBU. The decision came into force on March 16.
The National Bank is confident the additional demand for foreign currency for these operations will not have a destabilizing effect on the situation in the foreign exchange market. (Interfax-Ukraine/Business World Magazine)
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