REUTERS
The move will allow companies to more effectively manage their liquidity.
The National Bank of Ukraine (NBU) has allowed businesses to buy foreign currency for borrowed funds in the hryvnia, Ukraine's national currency, without restrictions from August 8.
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The innovation will allow companies to more effectively manage their liquidity and buy the necessary amounts of currency at a convenient time to fulfill their obligations.
At the same time, the central bank has obliged banks to complete supervision of export operations within five business days from the receipt of the regulator's information about the change of the servicing bank in the client's customs declaration.
In addition, the National Bank clarified the procedure for supervision of import operations if the servicing bank in the customs declaration is changed.
UNIAN memo. The law of Ukraine on currency and currency operations, which lifted about 30 restrictions previously in effect on the country's forex market, came into effect on February 7, 2019.
In addition, the National Bank in 2019 completely canceled the mandatory sale of earnings in foreign currency by exporters, the preliminary depositing of hryvnias for foreign currency purchases, and restrictions on the repatriation of dividends.