ANNOUNCEMENT 03 Mar 2016

In March 2016, the government of Ukraine announced a change in repatriation and surrender requirements.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 05 Mar 2016 | Removal date: 04 Jun 2016

Repatriation & surrender requirements

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).

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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