NBU introduces 100% compulsory sale of foreign exchange earnings

20 August 2014 14:24  4276949 077848
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.

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