tomsk.ru
The National Bank of Ukraine (NBU) intends to simplify the procedure for opening, use and closure of bank accounts in national and foreign currencies, according to a posting on the NBU's website, which refers to a draft resolution proposed for a public debate until September 3.
In particular, a number of documents for opening bank accounts by legal entities will be reduced, and banks will be able to draw up files on legal registration of client accounts in electronic form. Range of operations within the private running accounts will also be expanded.
As reported earlier, the NBU also intends to reduce a limitation on cash settlements between individuals to UAH 50,000 from today’s UAH 150,000. The corresponding draft resolution was proposed for public debate until August 25.
The regulator stresses that limiting cash settlements while facilitating non-cash payments is an integral part of the reforms in the state's financial sector, aimed to bring Ukraine closer to European living standards, reduce the share of the shadow economy, and ensure the stable operation of the banking system.