Banking & Financial Services

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The American Chamber of Commerce in Ukraine welcomes passing of Draft Law #8152 "On Currency" in the first reading by the Verkhovna Rada of Ukraine

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On May 17, the Verkhovna Rada of Ukraine passed in the first reading Draft Law #6027-d “On Amendments to Certain Legislative Acts of Ukraine regarding Restoration of Lending”, which is aimed at increase of the volume of lending to the real sector of economy and making credit resources more affordable

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The American Chamber of Commerce in Ukraine welcomes the adoption of Draft Law #8152 "On Currency" by the Verkhovna Rada of Ukraine

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The American Chamber of Commerce in Ukraine welcomes the adoption of Resolution of the Board of the National Bank of Ukraine (NBU) #66 dated May 7, 2019 "On Amendments to the Regulations on Protection Measures and Determining the Procedure for the Implementation of Certain Transactions in Foreign Currency" that comes into force on May 8, 2019

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The American Chamber of Commerce in Ukraine welcomes the adoption of Resolution of the Board of the National Bank of Ukraine (NBU) #78 dated June 18, 2019 "On Amendments to the Regulations on Protection Measures and Determining the Procedure for the Implementation of Certain Transactions in Foreign Currency" that comes into force on June 20, 2019

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The American Chamber of Commerce in Ukraine welcomes the adoption of Resolution of the Board of the National Bank of Ukraine (NBU) #86 dated June 27, 2019 amending the regulation of foreign currency transactions that comes into force on July 2, 2019. The Regulation #86 canceled several administrative restrictions being burdensome for Ukrainian companies, foreign investors and diplomatic missions. The Chamber addressed letters regarding the necessity of introduction of these amendments to the NBU and, thus, welcomes their adoption since they are aimed at reducing the administrative burden on business and deregulation

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The American Chamber of Commerce in Ukraine welcomes steps of the National Bank of Ukraine (NBU) aimed at currency market liberalization and foreign currency control relaxation, namely recent adoption of NBU Resolution #91 "On Amendments to Some Regulatory Documents of the National Bank of Ukraine, dated July 9, 2019

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The American Chamber of Commerce in Ukraine welcomes the adoption of National Bank of Ukraine (NBU) Board Decision #493-рш dated July 18, 2019 aimed at declining the key policy rate to 17% per annum.

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The American Chamber of Commerce in Ukraine welcomes the adoption of Resolution of the Board of the National Bank of Ukraine (NBU) #104 dated August 6, 2019 amending the regulation of foreign currency transactions that comes into force on August 8, 2019. Resolution #104 allows businesses to use credit funds to buy foreign currency without limitations. This will help businesses to manage their liquidity more efficiently and buy necessary amounts of currency to fulfill their obligations at a convenient time

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The American Chamber of Commerce in Ukraine welcomes the adoption of National Bank of Ukraine (NBU) Board Decision #645-D dated September 5, 2019 aimed at decreasing the key policy rate to 16.5% per annum. The NBU will continue the cycle of monetary policy easing, provided inflation is steadily declining to the target of 5%. The pace of further decrease of the key policy rate to its neutral level of 8% will depend on both internal and external risks

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