NBU’s Resolution No.734
The National Bank of Ukraine has adopted the decision on use of regulatory instruments in the forex market, in particular, compulsory sale of currency receipts and shortening settlement period for export-import of commodities, the press-office of the NBU reports.
This resolution passed by the National Bank of Ukraine on November 20, 2014, No. 734 deals with regulation of the current situation in the currency market of Ukraine (hereinafter – Resolution No.734).
Resolution No.734 comes into force on November 22, 2014, and is in effect until December 02, 2014, inclusive.
The in-force period of Resolution No.734 has been harmonized with the duration of temporary measures in the currency and credit market set out in NBU’s resolution adopted on August 29, 2014, under No.540, On Additional Mechanisms to Stabilize Currency & Credit Market in Ukraine.
