On the new foreign currency law, Dragon Capital writes:
Tuesday, June 26, 2018

On the new foreign currency law, Dragon Capital writes:

On the new foreign currency law, Dragon Capital writes: The law was drafted by the National Bank of Ukraine in consultation with international organizations…Its enactment would carry several positive implications for local businesses and banks: cancelation of controls over small transactions (up to UAH 150,000 or $5,666 equiv.), withdrawal of a 180-day limit on settlement of export/import contracts, and cancelation of the requirement to register loan contracts from non-residents. Also, private individuals and legal entities would be allowed to invest abroad within specified limits without having to obtain a license, which would potentially deepen the local F/X market.” The law goes into effect next January.

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