The NBU has updated a number of currency restrictions: what will change for the population and business: It is indicated that the innovations introduced by the NBU begin to take effect from July 11, 2024.
The NBU reported this information, reports URA-Inform.
The National Bank of Ukraine (NBU) is updating a number of currency restrictions for volunteers and the public. In particular, the limit on the purchase of cash currency for non-cash funds is set at 100 thousand hryvnia per day.
The update is aimed at increasing the investment attractiveness of our country and attracting private foreign capital. For this purpose, the NBU:
— provided an opportunity for domestic businesses to reimburse non-residents for expenses incurred due to their participation in the provision of an external loan to a Ukrainian borrower. The condition for carrying out such an operation is that the guarantor, surety or insurer of the external loan must be a foreign export credit agency or a foreign state, or the guarantor or surety for such an obligation is an international financial institution (IFI). Such changes will expand the opportunities for Ukrainian companies to attract new external loans and credits;
— allowed the transfer of funds in favor of foreign companies whose shareholders include a foreign state, for the payment of insurance payments under contracts providing for the coverage of military risks on the territory of Ukraine. This will be an important signal for investors and donors about the opportunity to reduce their investment risks in Ukraine in the context of a full-scale invasion of the Russian Federation;
— ensured the opportunity for residents to transfer funds under the guarantees or guarantees they provided to ensure the fulfillment of the obligations of resident borrowers on external loans and borrowings. This will have a positive impact on the interest of foreign lenders in resuming credit support for private borrowers from Ukraine;
— normalized the ability of resident borrowers to buy foreign currency to reserve it under a loan agreement with an MFO, which will increase support for Ukrainian business from MFOs;
— made clarifying changes to the May liberalization package, which allowed scheduled interest payments on external corporate debt. The changes are aimed at unifying approaches to paying such planned interest (coupons) for cases of different structuring of borrowings.
What will change for the population and business
The NBU also introduced other clarifying changes to support the population and business. In particular:
— allowed individuals to return social benefits received in a foreign country. Thanks to these changes, Ukrainians will be able to fulfill their obligations to the authorities of foreign states, which will prevent the deterioration of the conditions for providing assistance to forced migrants;
— provided the opportunity for businesses to pay fees for actions related to the protection of rights to objects of intellectual property rights, including payment for services provided by patent offices of other countries and the services of patent attorneys abroad.
Limit on the purchase of cash currency
The NBU has specified a cash limit of 100 thousand hryvnia per day for the purchase and sale of cash foreign currency for non-cash funds in hryvnia, which corresponds to the limit on the issuance of cash from current accounts of clients.
It is noted that the clarification concerns exclusively non-cash funds, which means that Ukrainians can continue to carry out foreign exchange transactions with cash without restrictions on the amount.
We recall that it was previously reported whether Ukrainians are ready to pay taxes like in the EU: a poll showed what people think.