The National Bank of Ukraine extends most of currency control restrictions
PwC, Kyiv, Ukraine
Fri, March, 11, 2016
On 3 March 2016 the National Bank of Ukraine (the “NBU”) extended most of the temporary currency control measures*. At the same time, the NBU decided to ease certain restrictions**, in particular:
- Daily threshold amount for purchases of cash hard currency by clients was increased from UAH 3,000 to UAH 6,000;
- Daily threshold amount for cash withdrawals in foreign currency by clients was increased from the equivalent of UAH 20,000 to UAH 50,000;
- Daily threshold amount for cash withdrawals in UAH by clients was increased from UAH 300,000 to UAH 500,000.
The mentioned measures will be effective through 8 June 2016.
We will continue to monitor the situation and keep you updated on the issue.
* NBU Resolution No. 140 dated 3 March 2016
** Please refer to the following Flash-reports: #68 dated 3 December 2014, #10 dated 25 February 2015, #13 dated 4 March 2015, #24 dated 5 June 2015, #39 dated 7 September 2015 and #50 dated 8 December 2015
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