The National Bank of Ukraine has implemented important changes to the currency legislation effective August 6, affecting both entrepreneurs and ordinary citizens. These innovations cover six key areas.
In particular, Ukrainian companies are allowed to transfer dividends earned in 2023 abroad, with a limitation of up to 1 million euros per month. This will be a step towards attracting new foreign investments and increasing the confidence of foreign investors in Ukraine.
'This will not lead to a significant increase in demand for foreign currency due to the existing limit, but will help improve the investment climate in the country,' the National Bank explained.
Additionally, important changes include the possibility of concluding forward contracts with currencies, correcting errors in money transfers, and expanding currency opportunities for businesses. All these innovations are aimed at supporting the economic growth and stability of the country.
Conclusion
The new relaxations in currency legislation introduced by the National Bank of Ukraine promote greater trust among foreign investors in the country and will help attract new foreign investments. These changes will expand the opportunities for Ukrainian companies in the international market and contribute to overall economic growth.