IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 21 Aug 2014 | Removal date: 20 Nov 2014
Still in force

Repatriation & surrender requirements

With Resolution No. 515 of 20 August 2014 the National Bank of Ukraine introduced a mandatory sale on the interbank currency market of 100% of the proceeds in foreign currency of residents, obtained from the sale of goods as part of international trade contracts. This rule is to enter into force on 21 August 2014 and is valid until 21 November 2014.
Previously, the mandatory foreign currency sale rule was set at 50% (see the attached related GTA report No. 11525).
 

AFFECTED COUNTRIES

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