By its Board Resolution No. 14 of 3 February 2021, the National Bank of Ukraine introduced amendments to the Regulation on protection measures and procedures for conducting certain foreign currency transactions.<\/p>\n
Thus, the yearly \u201ce-limit\u201d was doubled (to EUR 200,000 or equivalent amount in another currency) for a number of foreign currency transactions undertaken by individuals and involving transfers of funds abroad or to accounts held by non-resident legal entities. This applies to foreign transactions based on an electronic license granted by the National Bank of Ukraine.<\/p>\n
Such transactions include making foreign investments, depositing funds into their own foreign accounts, transferring money under life insurance contracts, and providing loans to non-residents.<\/p>\n
Individual customers at authorised financial institutions are now allowed to use e-passports and international e-passports to conduct foreign currency transactions.<\/p>\n
This liberalisation of the foreign currency regime will allow individuals to more easily conduct foreign currency transactions involving significant amounts and to more actively use the newly introduced e-passports.<\/p>\n
These amendments came into force on 5 February 2021.<\/p>\n