The National Bank of Ukraine (NBU) has tightened the rules of currency purchase for business (under foreign economic contracts). From now legal entities and entrepreneurs are bound to purchase or exchange currency under foreign economic contract through one bank. The procedure of contract transfer for servicing to other bank has also been set. The corresponding resolution №822 has also been published on the regulator’s site, RBC-Ukraine reports.
According to the document, the resolution comes into force today, on the 27th of November. The resolution says that for currency purchase or exchange, designated for settlements under each foreign economic agreement with non-resident, legal entities and entrepreneurs-residents should conduct this transaction through each market entity.
The resolution stipulates that if the client transfers the foreign economic agreement for servicing to other market entity, he should provide the permission for obtaining data on outstanding settlement under this agreement. The entity, to which the contract is transferred, should apply to the first market entity, through which settlements were made under the contract, for obtaining information on outstanding settlements. The data exchange should be carried out via e-mail of the NBU.
