NBU is going to simplify operations on currency exchange

13 June 2018, 08:45 | Economy
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The National Bank of Ukraine will simplify the conduct of currency exchange operations by banks and other financial institutions.

This is reported on the website of the NBU, with reference to the changes made by the Board of the regulator to the Instruction on the procedure for organizing and implementing currency exchange operations in Ukraine.

In particular, the NBU simplifies the processing by banks and other financial institutions of foreign exchange transactions.

Until now, banks had to issue two paper versions of a receipt for the implementation of such an operation - one for the client, one for storage in the bank.

In the future, banks will be able to issue receipts for currency exchange transactions not only in paper form, but also in electronic form. Accordingly, banks will be able to store relevant documents in electronic form. Also, under the agreement of the client, the bank will have the opportunity not to issue a paper document to the client.

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