The NBU cancelled the mandatory sale of foreign exchange earnings
The National Bank of Ukraine canceled the mandatory sale of foreign exchange earnings for business, which is a one more step towards free movement of capital.
The norm, which obliges entrepreneurs to sell 30% foreign currency earnings on the interbank foreign exchange market, will cease to function as of June 20, 2019. Business accounts that are credited to their distribution accounts in the course of June 19 are no longer subject to mandatory sale.
The amendments were approved by the NBU Board Resolution № 78 as of June 18, 2019.
