ANNOUNCEMENT 16 Nov 2012In November 2012, the government of Ukraine announced a change in repatriation and surrender requirements.
NUMBER OF INTERVENTIONS
' ; 16.11.2012 479
; 14.05.2013 164
' , ; 15.11.2013 457
With Resolution No. 479 of 16 November 2012 the National Bank of Ukraine introduced administrative restrictions concerning foreign currency operations. Concretely, it introduced a mandatory sale on the interbank currency market of 50% of the proceeds in foreign currency of residents, obtained from the sale of goods as part of international trade contracts.
With Regulation No. 164 of 14 May 2013, the National Bank of Ukraine prolonged the validity of this rule until 19 November 2013.
With Resolution No. 457 of 15 November 2013, the National Bank of Ukraine prolonged further the validity of Resolution No. 164 until 17 May 2014.