NBU eases currency transactions control for individuals

The National Bank of Ukraine (NBU) has expanded a range of transactions on puttin foreign currency funds in current accounts of individuals in the territory of Ukraine, the regulator reported on its website.
According to the NBU`s resolution, individuals will be able to add funds in foreign currency to their current accounts received as bank transfers from relatives, funds obtained by court decision or a decision of other bodies (officials), as well as funds received from operations with foreign issuers` securities, duly accepted to trading in Ukraine, including income from these securities.
According to the NBU, previously only foreign currency funds in the form of interest on account balances could be added to individuals` accounts, as well as funds from other own accounts and cash deposited by individuals. In other cases, foreign currency funds received were sold on the interbank foreign exchange market and then added to the accounts in the hryvnia equivalent.
As UaPosition reported earlier, this year the NBU plans to take measures to further ease forex regulations imposed in 2014-2015 in line with the pace of implementing requirements set forth in the ”road map,” which has been agreed with the International Monetary Fund.

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