The National Bank of Ukraine (NBU) has eased regular restrictions on the foreign exchange market for business. The regulator decided to raise the limit on the repatriation of dividends up to EUR 12 million per month instead of EUR 7 million currently set. This is reported on the NBU website.
The corresponding resolution No.66 comes into force from May 8. According to the forecasts of the NBU, the designated step will not be critical for maintaining macrofinancial stability in Ukraine, but at the same time it will help to improve the investment climate in the country.
The Ukraine’s regulator noted that this is the second time since the beginning of the year when the limit on the withdrawal of dividends was increase (after raising to EUR 7 million in February), and the new limit meets the needs of all companies with foreign investments operating in Ukraine.
The National Bank announced the complete abolition of this restriction and other currency easing, depending on the pace of improvement of the macroeconomic situation and market conditions.
As The Journalist reported, the National Bank transferred UAH 47.6 bln to state budget.
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