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
Camiel van der Meij, Partner & TLS Leader, email@example.com
Andrey Pronchenko, Director, Tax and Legal Services, firstname.lastname@example.org
Alexey Katasonov, Senior Attorney, Legal Services, email@example.com
75 Zhylyanska Street | Kyiv | Tel: +380 44 354 0404 | Fax: +380 44 354 0790 | firstname.lastname@example.org | www.pwc.com/ua
This flash report is produced by PricewaterhouseCoopers’ tax and legal services department. The material contained in this alert is provided for general information purposes only and does not contain a comprehensive analysis of each item described. Before taking (or not taking) any action, readers should seek professional advice specific to their situation. No liability is accepted for acts or omissions taken in reliance upon the contents of this alert.
© 2016 Attorneys Association «PricewaterhouseCoopers Legal». All rights reserved. PwC refers to the Ukrainian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.
We will be sending additional Flash reports as issues arise. If you do not wish to receive these Reports, please advise by return e-mail (email@example.com). Alternatively, if there is someone else in your company to whom we should send our Alerts, please let us know.
We are pleased to inform that this Flash report is also available in Ukrainian and can be sent to you upon request.
Ми раді повідомити, що цей Flash report також доступний українською мовою і може бути наданий Вам за запитом.