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LETTER OF GENERAL DEPARTMENT OF MONETARY POLICY OF THE NATIONAL BANK OF UKRAINE

of October 16, 2013 No. 29-113/18005

Territorial administration of the National Bank of Ukraine, to banks of Ukraine, 

Associations of the Ukrainian banks, 

 "Ukrainian Credit Banking Association" associations, 

Independent banking association of Ukraine, 

To private joint-stock company "Ukrainian Financial Group", 

To the Ukrainian state company of mail service of Ukrpocht

Explanation of rather practical application of the regulatory legal act of the National Bank of Ukraine

For the purpose of strengthening of stability of the monetary market of Ukraine by Board of the National Bank of Ukraine the resolution of 25.09.2013 No. 381 "About introduction of amendments to the resolution of Board of the National Bank of Ukraine of May 14, 2013 No. 163" is accepted (1) (further - the Resolution No. 381). This resolution provides that action of regulation of rather obligatory sale of part of receipts in foreign currency extends not only to currency earnings of residents from sales of goods under the external economic agreements, but also on all receipts in foreign currency from abroad for benefit of legal entities (not being authorized banks) and physical persons - entrepreneurs. Besides, this regulation also extends to own transactions of authorized banks under the external economic agreements.

___________

(1) It is registered in the Ministry of Justice of Ukraine of 09.10.2013 for No. 1725/24257.

 

Due to the requests of banks of Ukraine of rather practical application of separate requirements of the Resolution No. 381 the National Bank of Ukraine provides the following explanations.

1. About obligatory sale of receipts in foreign currency from abroad for benefit of authorized bank

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