The National Bank revised the currency restrictions

22 March 2022, 14:09 | Finance and Banking
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The National Bank decided to revise a number of currency restrictions that were introduced in Ukraine due to the war. This was reported on the website of the NBU.

Firstly, the NBU increased the daily limit on cash withdrawals in Ukraine from accounts in foreign currency from UAH 30,000 to UAH 100,000 (equivalent).

This limit will also apply to foreign currency withdrawals from foreign currency accounts opened with Ukrainian banks.. In addition, a limit has been set for currency withdrawals from hryvnia accounts in the amount of up to UAH 100,000 per month..

These clarifications are designed to prevent the withdrawal of capital abroad.

Secondly, the ability to transfer funds for tuition fees to the accounts of educational institutions abroad without restrictions has been added..

Thirdly, a total limit of UAH 100,000 (equivalent) per month limits operations to transfer funds to accounts of individuals abroad using the details of the payer's and recipient's payment cards (t. P2P transfers);

as well as transactions using payment cards to replenish electronic wallets, brokerage or forex accounts, pay traveler's checks, purchase virtual assets, etc..

It should also limit the withdrawal of currency from the country by buying cryptocurrencies for the hryvnia.. The relevant changes were approved by Resolution No. 58, which entered into force on March 21.

Currency restrictions in Ukraine were introduced on February 24 after Russia attacked Ukraine. Then the NBU limited cash withdrawals to UAH 100,000 and froze the hryvnia exchange rate. It is reported by LIGABusinessInform.




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