RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of February 23, 2015 No. 124

About features of implementation of some currency transactions

According to requirements of article 99 of the Constitution of Ukraine, Articles 7, of 25, of 44, 56 Laws of Ukraine "About the National Bank of Ukraine", the Decree of the Cabinet of Ministers of Ukraine of February 19, 1993 "About system of currency control and currency exchange control" Board of National Bank Ukraine decides No. 15-93:

1. Enter the following additional measures concerning activities of banks in the field of carrying out currency transactions:

1) to prohibit to authorized banks to perform purchase of foreign currency at the request of clients at the expense of the funds in hryvnia raised by these clients in the form of the credit. The responsibility for violation of requirements of this subitem is conferred on authorized banks.

Requirements of this subitem do not extend to the transactions performed:

physical person at the expense of borrowing facilities in hryvnia for the purpose of accomplishment of own obligations to authorized creditor bank under the agreement of consumer crediting in foreign currency;

the subject of managing - resident of Ukraine at the expense of the borrowing facilities in hryvnia raised by this subject under the state guarantee for the purpose of financing of the programs approved by the Cabinet of Ministers of Ukraine connected with increase in defense capability and safety of the state (within the amount on which the corresponding state guarantee is issued);

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