The National Bank of Ukraine has simplified the rules governing some transactions involving the purchase of foreign currency, assuming that FX demand will not have a destabilizing impact on the FX market.

First, the NBU has allowed economic entities to purchase foreign currency using hryvnia loans guaranteed by the government raised to implement projects designed to enhance the country’s defense capacity and state security.

Second, the NBU has simplified the rules governing transactions involving the purchase of foreign currency required to make interest payments (interest accrued on the balance of the investment account) to a foreign investor abroad.

The amendments to this effect  are provided for by NBU Board  Resolution No. 22 of 14 March On Amendments to Some NBU Regulations. The Resolution shall come into effect from 16 March 2017.