Finance

Foreign exchange market

NBU extended mandatory sale of 75% of currency proceeds until December 2

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NBU extended mandatory sale of 75% of currency proceeds until December 2
Photo: PHL

The National Bank of Ukraine has extended until December 2 the period of validity of requirements for the mandatory sale of currency proceeds at the level of 75% and return of currency earnings in a period of 90 days, reported NBU on its website.

The corresponding decision was approved by the NBU resolution No. 734 of November 20.

“The period of validity of the resolution No. 734 was correlated with the period of validity of other temporary measures on the monetary market which were established by the NBU’s decree No. 540 of August 29, 2014 on the introduction of the additional mechanisms for stabilization of monetary and foreign exchange markets of Ukraine,” according to NBU.

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