National Bank relaxes currency restrictions: how this will affect businesses and Ukrainians abroad.

According to inkorr.com: The National Bank of Ukraine has made a decision to ease currency restrictions to facilitate the work of small businesses and support Ukrainians who are abroad during the war. This was reported by 'Hvylya'.

Following appeals from postal operators suffering due to the suspension of the duty-free regime for parcels, the NBU has allowed for cross-border transfers to pay customs duties in the USA, provided the recipient is the US customs or tax authority.

Thanks to these changes, the exchange rate and international reserves will remain stable. In addition, the rules for applying limits on transactions for clients abroad using hryvnia accounts have been clarified. This will help avoid delays and penalties for postal operators and international couriers, as well as facilitate faster delivery of goods and support small businesses.

Improvements at the National Bank

The National Bank notes that these measures will not affect currency volatility or the level of international reserves. Expanding the possibilities for cross-border transfers and improving the rules for servicing business accounts will contribute to greater transparency in the financial system.

Thus, the simplification of conditions for cross-border transfers and the reduction of restrictions are intended not only to ease the lives of small businesses but also to help Ukrainians who are outside the country. The measures aim to support small enterprises and improve their capabilities in delivering goods.