NBU tightens conditions for licensing currency transfers beyond Ukraine

The National Bank of Ukraine (NBU) has tightened the procedure for issuing individual licenses for the transfer of foreign currency outside Ukraine, specifying the list of documents required to obtain the license and securing the right to demand documents to prevent capital outflow, the NBU reported, referring to Resolution No. 130, which comes into force on December 15.

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According to the document, the National Bank also specified the list of operations, the conduct of which does not require individual licenses, and a list of grounds for canceling such licenses.

Read alsoUkrainian central bank expanding its blockchain team – mediaAs UNIAN reported earlier, the National Bank of Ukraine upheld the requirement for banks to sell 50% of foreign exchange proceeds in Ukraine in favor of legal entities, while expanding the list of business transactions, where currency proceeds are not mandatory for sale.

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