The National Bank of Ukraine (NBU) introduced a mandatory sale of 50% of foreign currency proceeds

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The National Bank of Ukraine (NBU) introduced a mandatory sale of 50% of foreign currency proceeds

The corresponding decision is enshrined in NBU Resolution No. 479, which came into force on November 19. Thus, according to the document, receipts in foreign currency of Group 1 of the Classifier of Foreign Currencies and in Russian rubles

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The National Bank wants to make the sale of 50% of foreign currency proceeds mandatory

RESOLUTION OF THE NBU BOARD dated November 16, 2012 No. 479

The corresponding decision is enshrined in NBU Resolution No. 479, which came into force on November 19. Thus, according to the document, receipts in foreign currency of Group 1 of the Classifier of Foreign Currencies and in Russian rubles are subject to mandatory sale on Ukraine’s interbank foreign exchange market in the amount of 50 percent. Resolution No. 479 will be in effect for six months.