NBU introduces 100% compulsory sale of foreign exchange earnings
The National Bank decided to introduce compulsory sale of 100% of foreign exchange earnings by legal persons and individual businessmen who are residents of Ukraine, instead of previously introduced 50% sale.
This was reported by an informed source, the "Ukrainski Novyny" wrote.
The compulsory sale of 100% of foreign exchange earnings by exporters will be set for a period of 3 months.
As reported, on May 12, the NBU continued for 3 months the compulsory sale of 50% of foreign exchange earnings by residents to August 20.
The compulsory sale applies to 100% of the proceeds in foreign currency of the NBU classifier first group (hard currencies) and revenues in Russian rubles.
Other revenues in foreign currency remain with residents and non-residents and can be used by them in accordance with the rules of currency regulation.