State Tax Service in Transcarpathian region: the term for foreign currency settlements has been reduced twice

By the Resolution of the National Bank of Ukraine № 475 the term for payments under export and import transactions has been reduced from 180 to 90 days. Also the mandatory sales of foreign exchange earnings on the interbank currency market of Ukraine has been established.

Another NBU Resolution number 479 sets out that 50% of foreign exchange earnings shall be subject to compulsory sales. The residents can keep the rest in their possession and use, subject to exchange control regulations.

These rules shall be valid until May 20, 2013 – informed the State Tax Service in Transcarpathian region.