REUTERS
Bank customers would be able to submit electronic copies of supporting documents for the transfer of foreign currency beyond Ukraine from current accounts in foreign currency.
The National Bank of Ukraine (NBU) has allowed banks and their clients to apply modern Paperless communication technologies (electronic document circulation) during foreign currency transfers.
The central bank is creating opportunities for applying paperless technologies in the financial services market and expanding the range of its participants, according to the regulator's website, referring to the changes approved by the NBU Board, which come into force on June 12, 2018.
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The NBU noted that due to changes, bank customers would be able to submit electronic copies of supporting documents for the transfer of foreign currency beyond Ukraine from current accounts in foreign currency, while banks would be able to create electronic copies of supporting documents submitted by individuals for their transfer in paper format for further storage.
In addition, the regulator allowed individuals to initiate the transfer of hryvnias in foreign currency beyond Ukraine, as well as the transfer of foreign currency in hryvnia to Ukraine.
As UNIAN reported earlier, the National Bank estimated the private money transfers to Ukraine in 2017 at $9.3 billion, or 8.4% of GDP.