Business
CurrencyUkrainian exporters will be obliged to sell all foreign currency earnings
The National Bank of Ukraine approved a decision on introduction of mandatory sale of all foreign currency earnings of the legal entities and private individuals, who are residents of Ukraine, said an informed source.
Introduction of compulsory sale of 100% foreign currency earnings by the exporters, not 50% as it was before, will be effective for a term of three months.
As a reminder, on May 12, NBU extended the term of the compulsory sale of 50% hard currency earnings by the residents till August 20.
100% revenues in foreign currency in Group 1 of the NBU's Classification (convertible currency) and revenues in Russian roubles are subjected to mandatory sale.
The other revenues in foreign currency still remain at the residents' and non-residents' disposal, and are used according to the foreign exchange regulations.
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