The NBU has reinstated the requirement that individuals provide source verification documents from banks when moving currency valuables out of Ukraine if the amount of said valuables exceeds the equivalent of EUR 10,000. Legitimate documents include bank statements verifying cash withdrawals from accounts or purchases of investment metals.
As previously reported, the central bank on 4 March 2022 amended NBU Board Resolution No. 18 On the Operation of the Banking System Under Martial Law, dated 24 February 2022, cancelling the requirement that individuals show proof of source of the currency valuables they take with them when leaving Ukraine. Pursuant to the NBU’s communications with other public authorities, in order to prevent capital outflows from Ukraine, the central bank has decided to reinstate the requirement that supporting documents be provided when moving currency valuables abroad that are worth more than the equivalent of EUR 10,000.
Now that this requirement is back in place, people do have to declare currency valuables as they exit Ukraine if the worth of this money surpasses an equivalent of EUR 10,000. This requirement therefore remains unchanged.
Relevant changes were approved by NBU Board Resolution No. 51 On Amendments to NBU Board Resolution No. 18 dated 24 February 2022 dated 13 March 2022 (UKR). The document is effective 13 March 2022.