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Global Trade Alert

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Ukraine: Increased administrative restrictions concerning foreign currency operations

Description

With Resolution No. 515 of 20 August 2014 the National Bank of Ukraine introduced a mandatory sale on the interbank currency market of 100% of the proceeds in foreign currency of residents, obtained f...

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Intervention Details

Intervention Type

Repatriation & surrender requirements

MAST Chapter

Capital control measures

Implementation date

21 Aug 2014

Revocation date

20 Nov 2014

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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