OREANDA-NEWS. September 16, 2014. We draw your attention to the restrictions on banking operations, established by the National Bank of Ukraine in Resolution No. 540.

The Resolution imposes the following measures restricting the activity of banks and financial institutions:

sale of foreign currency in cash to one individual by one banking institution on one business day may not exceed the equivalent of UAH 15,000 at the official NBU rate

withdrawals of cash in foreign currency from current and deposit accounts on one business day may not exceed the equivalent of UAH 15,000 at the official NBU rate

early withdrawal of deposits in foreign currency is possible in UAH at the Bank’s exchange rate prevailing on the day of transaction

withdrawals of cash in the national currency may not exceed UAH 150,000 per day per customer
in order to purchase foreign currency on behalf of customers, funds must be credited in advance into a separate analytical account. The funds in this account may be utilised for the purchase of currency not earlier than on the third business day after the date upon which the equivalent amount in UAH was paid into said account

withdrawals of cash by electronic payment instruments within Ukraine may only be performed in the national currency

These regulations come into force on 2 September and will remain in force until 2 December 2014 inclusive.

Information on other requirements of the new regulations and categories of transactions which may be exempt from the regulations can be found on the official website of the National Bank of Ukraine (http://www.bank.gov.ua).