The National Bank eases currency restrictions for businesses: what is now allowed

The National Bank has decided to ease currency restrictions in order to facilitate conditions for small businesses in Ukraine and assist Ukrainians abroad during the war. This is reported by 'Khvylia'.

Following appeals from postal operators suffering due to the suspension of the duty-free regime for parcels, the NBU allowed cross-border transfers for customs payments in the USA, if the recipient is the customs or tax service of the USA

Thus, the changes will not significantly impact the exchange rate and international reserves. The rules for applying limits for clients' operations outside Ukraine using hryvnia accounts have also been clarified. This will help avoid delays and fines for postal operators and international couriers, promote the delivery of goods, and support small businesses.

Improvements at the National Bank

The National Bank emphasizes that such measures will not affect currency volatility or the level of international reserves. Expanding the possibilities for cross-border transfers and improving the service rules for business accounts are intended to contribute to greater transparency of the system.

The National Bank of Ukraine has decided to simplify conditions for cross-border transfers and reduce restrictions, which will make life easier for small businesses and Ukrainians abroad. The measures will not impact the exchange rate or international reserves, but will support the delivery of goods and the support of small enterprises.