ANNOUNCEMENT 03 Mar 2016In March 2016, the government of Ukraine announced a change in repatriation and surrender requirements.
NUMBER OF INTERVENTIONS
- , ; 03.03.2016 140
With Resolution No. 140 of 3 March 2016 the National Bank of Ukraine introduced a mandatory sale on the interbank currency market of 75% 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 5 March 2016 and is valid until 8 June 2016.
Previously, the mandatory foreign currency sale rule was set at 100% (see the attached related GTA report No. 11527).