The National Bank of Ukraine facilitates foreign currency cash transactions for households. The NBU Resolution No. 364 of 2 August 2016 On Amending Instruction on the Procedure for Arranging and Carrying out Currency Exchange Operations within the Territory of Ukraine was aimed at that.
Up to now, an individual who intended to purchase, sell or convert (exchange) foreign currency in any amount had to show an identity and residence document.
For a long period of time households sell to banks more foreign currency than purchase. In January-July 2016 net purchase of foreign curency from households by banks reached USD 1.9 billion. In the view of stable situation in the FX market, the NBU Board considers it possible to liberalize requirements for carrying out FX transactions by individuals.
So, from 10 August 2016 after Resolution No. 364 coming into force, individual will be able to exchange foreign currency in the amount equivalent to UAH 150 000 without providing documents. However, the temporary limit on foreign currency purchase in the amount not exceeding UAH 12 000 per person per day is still in force according to the NBU Board Resolution No. 342 of 7 June 2016. Requirement to provide documents when carrying out transactions in the amount exceeding UAH 150 000 remained unchanged with respecto Ukrainian legislation on prevention and counteraction of legalization (laundering) of the proceeds from crime or terrorism financing.