The regulator extended the spectrum of transactions on accruing currency to the current individual account.

Since Thursday, April 14, in Ukraine the spectrum of transactions on accruing funds in foreign currency to personal current accounts of individuals was extended. The relevant resolution of the National Bank №256 came into force, the regulator’s press-office reports.

NBU noted that currently currency transfers within Ukraine to the current individual account are accrued only of the following origin:

• interests, accrued on the remaining balance of own or deposit accounts
• funds, which are received from other own account of this individual
• funds, which are deposited in cash by the owner of this account.

“Other transfers within Ukraine (for separate exclusions) for the current account in foreign currency were not still accrued. Such transfers should have been sold on interbank currency market of Ukraine and accrued to the account in UAH equivalent”, NBU explained.

Currently the regulator extended the opportunities to accrue within Ukraine for the own current individual account in foreign currency from other sources. In particular:

• Funds, received from relatives on a non-cash basis;
• Funds, received as per the court decision and the decision of other bodies (officials), who are subject to compulsory execution.
• Funds, received from transactions with securities of foreign issuers, according to the established procedure, are admitted to trading in Ukraine, including the payment of revenue on these securities (double listing).

NBU reminds that since March 2, 2016, the word “relatives” refers to father, mother, stepfather, stepmother, son, daughter, stepson, stepdaughter, grandmother, grandfather, great grandmother, great grandfather, grandchildren, great grandchildren, brother, sister (full blood and half-blood), cousins, nephew, niece, adoptive parent, adopted child, guardian, ward, husband, wife.