RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of May 14, 2013 No. 163

About change of terms of calculations for transactions on export and commodity import and introduction of obligatory sale of receipts in foreign currency

According to article 387 of the Economic code of Ukraine, Articles 7, of 25, of 44, of 45, 56 Laws of Ukraine "About the National Bank of Ukraine", articles 1 and 2 of the Law of Ukraine "About procedure of payments in foreign currency", Sections ІІ and ІІІ the Decree of the Cabinet of Ministers of Ukraine of February 19, 1993 No. 15-93 "About system of currency control and currency exchange control", and also for the purpose of support of stability of the foreign exchange market of Ukraine the Board of the National Bank of Ukraine DECIDES:

1. Determine that the calculations for transactions for export and commodity import provided in articles 1 and 2 of the Law of Ukraine "About procedure of payments in foreign currency" are performed in time which does not exceed 90 calendar days.

2. Establish the requirement of rather obligatory sale in the interbank foreign exchange market of Ukraine of receipts in foreign currency in the form of currency earnings of residents from sales of goods under the external economic agreements.

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