As from 11 May 2016 the NBU Board Resolution No. 308 dated 5 May 2016 (the “Resolution”) takes effect. The Resolution amends the existing “anti-crisis” NBU Resolution No. 140 dated 3 March 2016 and abolishes a number of restrictions on the foreign exchange market.
According to the Resolution, funds in foreign currency transferred into Ukraine for making an investment in Ukraine are exempt from mandatory conversion into Ukrainian hryvnia.
The NBU has lifted a ban on the purchase of foreign currency and transfer of funds in UAH to non-residents to make payments for goods imported into Ukraine on or before 1 January 2015 under contracts where the replacement of a debtor and/or creditor in the obligation has taken place.
The Resolution and other NBU anti- crises measures remain effective until 8 June 2016.