AmCham Ukraine welcomes the adoption of the NBU Board Resolution #95 “On Amendments to NBU Board Resolution #18 dated February 24, 2022” (Resolution).
With this Resolution, the following currency liberalization measures take effect:
- repatriation of dividends for 2023 has been permitted within the overall limit of €1 million in monthly equivalent;
- FX transactions on the “forward” terms have been updated: sales of foreign currency on “forward” terms without the underlying asset are permitted, as well as purchases of foreign currency on “forward” terms that include the delivery of the underlying asset;
- ability to return funds in foreign currency that were mistakenly transferred to clients' accounts has been enabled;
- enterprises will be able to service and repay external loans, granted by a pool of foreign creditors, not only for the benefit of IFIs, but also for the benefit of other members of the credit pool, if they are first-class foreign banks with a rating not lower than “A”;
- FX transactions within the ongoing stimulating currency liberalization now allow for the repatriation of dividends above the established currency restrictions within the investment limit.
Experts of AmCham Ukraine member companies continue to advocate for the gradual easing of currency control regulations. AmCham Ukraine member companies believe that currency liberalization is a timely and strategically important step to stimulate economic activity and attract investment.
We appreciate the National Bank team’s efforts and look forward to further fruitful cooperation.
