The National Bank of Ukraine has simplified the rules for transporting (bringing into and out of, and transferring) foreign currency cash across Ukraine’s customs border by individuals.
First, the NBU has expanded the list of documents that resident individuals are required to provide to the customs authorities when declaring foreign currency cash exceeding the equivalent of EUR 10,000. From now on, to confirm the source of origin of foreign currency cash resident individuals are allowed to provide not only documents confirming the withdrawal of cash from accounts in banks (financial institutions) but also receipts confirming FX transactions if such transactions have been performed.
Second, Ukrainian diplomatic mission representatives returning to Ukraine from a long-term overseas mission are allowed to bring foreign currency cash into Ukraine in the amount exceeding the equivalent of EUR 10, 000 on the basis of the certificate issued by the relevant diplomatic authorities.
Third, the validity of the supporting documents (documents confirming the withdrawal of cash from accounts and a certificate issued by the relevant diplomatic authorities) that are required for declaring foreign currency cash to the customs authorities has been extended threefold from 30 to 90 calendar days.
The amendments to this effect are provided for by NBU Board Resolution No. 24 of 22 March 2017 On Amendments to the Instruction on Transportation of Cash and Investment Metals across Ukraine’s Customs Border . The resolution comes into effect from 23 March 2017.