NBU allows dividend withdrawals of up to 1 million euros: what this will change for business.

The National Bank of Ukraine increases the flexibility of currency regulation

According to inkorr.com: The National Bank of Ukraine has introduced several important changes in currency regulation aimed at supporting both businesses and private citizens. In particular, it is now permitted to withdraw dividends for 2023 in the amount of up to 1 million euros per month.

There is now also the possibility of concluding contracts for currency purchases in advance through financial institutions. The NBU emphasizes that these innovations aim to stimulate economic activity and promote the development of the business environment without harming the country's gold and foreign exchange reserves.

'This will not cause a significant increase in demand for currency, as there is a general limit, but it will contribute to increasing foreign investors’ trust in Ukraine and attracting new foreign investments'

Experts believe that significant fluctuations in the dollar exchange rate are not expected; it may remain within the range of 41.20-41.70 UAH per dollar. At the same time, the National Bank is ready to intervene in the currency market, selling up to 3.2 billion dollars from its reserves to support the hryvnia.

Overall, the NBU is implementing changes in currency regulation that support business and economic activity while maintaining the stability of Ukraine's gold and foreign exchange reserves. The new rules allow for dividend withdrawals and the conclusion of forward agreements on currency, while experts predict minor fluctuations in the dollar exchange rate, confirming stability in the market.

These changes are noted in the context of the current economic situation in Ukraine, which requires support for recovery after numerous challenges. In particular, the new rules may positively impact the investment climate, encouraging international investors to collaborate with Ukrainian companies.