The National Bank of Ukraine continues easing some restrictions in the FX market of Ukraine, which lost their efficiency as an instrument maintaining market stability.

First, the NBU extends the list of cases when businesses can repay early the foreign currency loans obtained by residents from nonresidents. From now on, a loan can be repaid early if a foreign state, though its authorized persons, is fully or partially engaged in its arranging (via lending, insurance, or backing).

Second, the NBU lifts restrictions on the maximum amount of foreign currency transfers for transactions conducted by authorized banks based on individual NBU licenses. Up to date, the maximum limit under these transactions was USD 50,000 (or the equivalent in another currency) within one calendar month. In the future, banks will be allowed to transfer foreign currencies in the amount specified in their individual licenses.

The above steps on FX liberalization were approved by NBU Board Resolution No. 128 dated 12 December 2017 On Amendments to NBU Board Resolution No. 410 dated 13 December 2016, coming into effect from 14 December 2017.