The regulator's press service informed that the National Bank of Ukraine had eased many bans on foreign exchange transactions. From 1 March 2022, there is a limit of up to 30 thousand hryvnyas per day instead of a total prohibition on withdrawing cash from the client's account in foreign currency.
In addition, the National Bank of Ukraine determined that:
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Enterprises and institutions that ensure the implementation of government mobilization plans (tasks) and based on separate permits of the NBU will withdraw cash foreign currency from the accounts without restrictions;
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Withdrawal of cash currency in branches and outlets of banks in territories threatened by Russian occupation will be carried out within the balance of funds on the account provided they are available. The head of the bank branch will decide on the issuance of funds.
What is more, the NB provided the possibility of using payment cards abroad for payments and cash, adding them to the list of exceptions to the ban on cross-border transfers of currency values from Ukraine on behalf of customers.
The regulator's press service stressed that the NBU had not imposed any restrictions on non-cash payments, including abroad, since the imposition of martial law.
The National Bank also forbade crediting funds to the accounts of individual customers on transfers initiated using electronic means of payment issued by members of international payment systems operating in the Russian Federation and the Republic of Belarus. It is also prohibited to accept in Ukraine electronic means of payment (including transfers, settlements and cash withdrawals) issued by members of the relevant international payment systems.
The NBU also:
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Established recommendations for cash-in-transit. In particular, banks are recommended first to collect business entities in the field of retail trade, provided that these business entities accept payment cards for payment at all outlets;
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expanded the exceptions list of bans concerning the sale of currency values by authorized institutions on behalf of clients;
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established how the exchange rate will be determined at which the authorized institutions will carry out transactions on behalf of customers (which are allowed) and the sale of non-cash foreign currency, as well as the purchase of cash foreign currency from customers;
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clarified the procedure for conducting currency supervision;
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defined the specifics of transactions with banks for the purchase and sale of US dollars and euros carried out by the National Bank and the exchange rate for such transactions.
These changes were introduced by the Resolution of the Board of the NBU of 1 March 2022 № 30 "On Amendments to the Resolution of the Board of the National Bank of Ukraine of 24 February 2022 № 18", which entered into force on 1 March 2022.