NBU extends requirement for exporters to sell 75% of foreign currency income

15:45, 03 March 2015
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The National Bank of Ukraine is from Wednesday extending the requirement for the mandatory sale by exporters of 75% of their foreign exchange earnings, according to NBU Governor Valeria Gontareva.


According to Gontareva, there are a number of technical restrictions that are to be put in place on the foreign exchange market, and which will be made public on Tuesday at 1700, as agreed with the country’s banking institutions.

"These restrictions have been agreed with the International Monetary Fund, and the IMF has also helped us to develop such restrictions," the NBU governor said.

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