On 6 February 2014 the NBU adopted resolution No. 49 “On Measures related to Activities of Banks and on FOREX transactions” (Resolution No. 49), which introduced a number of restrictions on the purchase of foreign currency, e.g.:

1. Limitation of execution of client orders – banks are required to execute orders of corporate clients and/or private entrepreneurs for the transfer of funds in any currency only within the limits of the remaining account balance as of the beginning of the relevant operating day (the limit does not include funds that are to be credited to the account within that operating day)
2. Temporary limitation for the purchase of foreign currency on the Ukrainian interbank foreign exchange market – a temporary restriction has been imposed on the purchase of foreign currency for UAH on the Ukrainian interbank foreign exchange market. The restriction applies to:
   • early repayment of loans (including financial assistance) in foreign currency under the agreements with non-residents, including in cases when relevant supplemental agreements providing for an early termination are executed;
   • coverage of the portion of the insurance reserve by insurance companies;
   • for making investments by residents abroad.
3. Certain restrictions on terms for the purchase of foreign currency by banks – upon receipt of the order to purchase foreign currency from companies or private entrepreneurs, banks shall be obliged to credit funds in UAH in advance on a separate analytical account. From this account, funds can be transferred for the purchase of foreign currency not earlier than on the sixth business day after the funds were credited on this account.