Expanding the rule on reducing the deadline for returning foreign exchange earnings to other types of export products, except agricultural ones, is the focus of the National Bank within the framework of cooperation with the government and the Verkhovna Rada. This was announced by Deputy Head of the NBU Yuriy Heletiy during a briefing on monetary policy.
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“We are now analyzing the goods for which there is the greatest delay, for which there are unfinished transactions, and, in fact, we will move further on these goods, and to them, I I hope that soon the approach that is applied to agricultural goods will also be applied,” he said.
From November 11, 2023, the National Bank halved – from 180 to 90 days – the deadline for settlements for export transactions of 12 goods groups from the so-called agricultural section 1−24 of the UKT FEA.
“We see an increase in the return of export earnings by the agricultural sector, this growth is measured in hundreds of millions per month. And this is actually a significant positive result,” noted Heletiy.
According to him, the NBU continues active cooperation with the Cabinet of Ministers to improve the criteria for verified exporters of agricultural products.
“ In particular, a new criterion will be applied to the list of verified ones – this is the state of return of foreign currency earnings,” emphasized the deputy head of the NBU.
The National Bank believes that this will contribute to a further increase in the volume of return of earnings.