The National Bank of Ukraine reported that the limit was allowed to be removed from hryvnia cards abroad for the calculations of volunteers for goods for the army,
KYIV. UkraineGate . 6. August . 2022 | Economy News .
Quote
“From August 6, the National Bank is simplifying a number of restrictions to support the activities of volunteers and businesses. The NBU has enabled banks not to apply the limit to the calculations of volunteer individuals from hryvnia payment cards abroad for the purchase of military goods,” the message says.
Details
For this, according to the report, the following requirements must be simultaneously observed:
- operations on the volunteer’s account must be typical for this individual and the volume of operations carried out on the accounts exceeded the equivalent of UAH 100,000 per month until July 21, 2022;
- a letter from a state body or a military unit must be submitted to the bank regarding cooperation with a volunteer and ordering goods for the appropriate purpose (if the amount of such transaction exceeds the equivalent of UAH 400,000 per month);
- to provide the estimated cost of the goods and terms of order fulfillment;
- to inform the bank about the collection of funds for the purpose of paying for products.
Volunteers can purchase: walkie-talkies, bulletproof vests, hard hats, helmets, military and tactical uniforms, military and tactical footwear, protective clothing, optical surveillance devices, unmanned aerial vehicles, sleeping bags, car cases and first aid supplies.
At the same time, if the bank has information about the unscrupulous activity of a natural person, it may refuse to carry out such transactions in the amount exceeding UAH 100,000 per month.
In addition, the list of military goods, for the purchase of which citizens can buy currency and transfer it abroad within the monthly limit of UAH 400,000, now also includes walkie-talkies.
Taking into account the needs of business, the National Bank is also simplifying currency restrictions, in particular regarding the use of corporate payment cards.
Banks are allowed to sell foreign currency to legal entities and FOPs, residents of Ukraine, with a credit to the client’s current account in foreign currency for further use of the corresponding currency for expenses using corporate payment cards abroad. In particular:
- for the business trip of employees exclusively for the payment of daily expenses (within the daily limit of 80 euros per employee);
- for accommodation and transport costs.
In addition, there will be no restrictions on payments made by hryvnia payment cards abroad to clients of the bank-legal entities that carry out cargo transportation in international connections (if the relevant documents are available).
Addition
The National Bank of Ukraine previously clarified whether the new limits on currency transactions abroad could threaten the activities of the volunteer movement in Ukraine.
Source: Ukrgate
