By virtue of Resolution of the Board of the National Bank of Ukraine No. 285 of 16 July 2013 "On Amendments to NBU Board Resolution No. 504 of 22 November 2010", the National Bank of Ukraine has granted the Nordic Environment Finance Corporation (NEFCO) the right to open current accounts in hryvnia with Ukrainian banks and established a framework for using these accounts when carrying out transactions to provide loans and guarantees in domestic currency to Ukrainian residents under the projects implemented as part of the framework agreement signed between the Government of Ukraine and the Nordic Environment Finance Corporation on 17 September 2009.

It is noteworthy to mention that earlier, pursuant to NBU regulations, the International Finance Corporation was granted the right to use domestic currency (hryvnia) to fund projects when effecting payments and settlements linked to transactions to provide loans and guarantees in hryvnia to residents in accordance with NBU Board Resolution No. 504 of 22 November 2010 "On the Procedure for Conducting Certain Operations to Provide Credits, Loans, Guarantees in Hryvnia between residents of Ukraine and the International Financial Corporation (pilot project)"

In addition, NBU Board Resolution No. 172 of 17 May 2013 "On Approval of Amendments to Regulation on Opening and Maintaining Correspondent Accounts of Resident and Non-resident Banks in Foreign Currency and Correspondent Accounts of Non-resident Banks in Hryvnia" has expanded correspondent account relationships with the European Bank for Reconstruction and Development (hereinafter referred to as the EBRD), allowing the EBRD to open correspondent accounts in hryvnia with any authorized Ukrainian bank. The EBRD will be able to carry out hryvnia-denominated transactions through these correspondent accounts as part of EBRD's activities in Ukraine in accordance with the Agreement Establishing the EBRD signed on 29 May 1990 and in compliance with international agreements signed between Ukraine and the EBRD.