The Board of the National Bank of Ukraine adopted Resolution №33, which entered into force from 14 April 2017 “On Amendments to Certain Normative Legal Acts of the National Bank of Ukraine”. In order to improve the order of some currency transactions, the following changes were made:
- The purchase / transfer of foreign currency for payment of dividends abroad accrued for 2016 is allowed.
- A single maximum threshold of USD 5,000 000 was established for the purchase / transfer of foreign currency for the purpose of dividend’s payment within 1 month. Previously, this threshold amounted to USD 1,000 000 or 10% of the total amount, but not more than USD 5,000 000.
Managing director, Accace Ukraine