The NBU has allowed the purchase of currency in regions under threat of occupation
The National Bank of Ukraine has clarified and eased some restrictions on the foreign exchange market imposed since the imposition of martial law, in particular, on operations in areas threatened by Russian occupation. This was reported in the NBU,
Ukraine , Ukrainegate , 8 , March , 2022 | Economy
Details
According to the NBU, from March 8, 2022:
banks were given the opportunity to open accounts for servicemen and carry out their identification and verification on the basis of a military ticket;
customers of banks in territories under threat of occupation by the aggressor state may withdraw cash national and foreign currency from accounts without restrictions on the amount, as well as purchase cash foreign currency and bank metals with physical delivery subject to the availability of funds or bank metals in the branch / bank branch (the decision to carry out such operations is made by the head of the bank and may be delegated to the head of the branch / bank branch);
it is specified that the issuance of bank metals from the accounts of bank customers is carried out without restrictions within the balance on the account and if they are available at the cash desk of the branch or office;
It is determined that on the territory of Ukraine the ban on transactions using the accounts of residents of Russia or Belarus and legal entities whose ultimate beneficial owners are residents of Russia or Belarus does not apply to social benefits, wages, utilities, taxes, fees and other mandatory payments;
the possibility for residents and non-residents to make transfers to the accounts of charitable foundations not only in hryvnias but also in foreign currency has been expanded. This applies to charitable foundations, the goals and areas of charitable activities of which are to promote the country’s defense capability and mobilization readiness, support the Armed Forces of Ukraine, territorial defense of Ukraine, social protection, health care and other pressing issues of martial law.
Addition
Ukrainians were allowed to withdraw up to UAH 30,000 a day in foreign currency from the card.
Source: Ukrgate
