OREANDA-NEWS. May 13, 2014. The NBU Board has approved the Resolution No 245 "On regulation of activity of financial institutions and performance of currency exchange transactions".

Resolution No 245 foresees prolongation of measures introduced by the Resolution No 172 (see information on the Bank’s site dd. 16.04.2014) by June 1, namely:

- under the instructions of private individuals, foreign currency is transferred outside Ukraine under the current currency non-trade transaction: without supporting documents from the current account in foreign currency or without its opening - for the amount that does not exceed UAH 15,000.00 (in equivalent) per month and in amount up to UAH 150,000.00 (in equivalent) per month from the current account in foreign currency with supporting documents. The aforesaid requirements do not apply to the range of socially important payments, in particular, for treatment in medical facilities of another country, covering costs of patient transportation; transfers made by the citizens when leaving for permanent residence abroad; transfers of funds received as salary by non-residents in Ukraine and some other;

- possibility to sell foreign currency in cash to one person in one operation (working) day in an amount not exceeding the equivalent of 15 000 UAH within a banking institution;

- possibility to purchase foreign cash from individuals in an amount equivalent to less than 150 000 UAH without a document of identity;

- limit on cash withdrawals from foreign currency current and deposit accounts through cash-desks and ATMs to 15 000 UAH per day per customer in equivalent at the official rate of the National Bank of Ukraine, including cash withdrawals abroad;

- early repayment of deposits attracted in foreign currency for all types of contracts and early repayment of savings (deposit) certificates denominated in foreign currency in local currency at the exchange rate for purchase of foreign currency at the authorized bank on the day of transaction performance.

Resolution No245 lifts a prohibition on limits of the amount of cash withdrawals from customers’ accounts in foreign currency for allowances for business trips abroad.