Starting December 1, the National Bank of Ukraine (NBU) lifted all restrictions on banks and financial institutions so that they could sell cash currency to the public.
According to NBU estimates, this will help minimize the difference between cash and non-cash rates and, as a result, stabilize exchange rate expectations and increase the stability of the foreign exchange market;
The Export Credit Agency is also allowed to transfer funds abroad to reimburse/compensate expenses under insurance and reinsurance contracts concluded with foreign insurance (reinsurance) companies, as well as to pay ECA expenses associated with such transactions.
In addition, the list of services for which payment is allowed to be made by cross-border transfers has been expanded to citizens, including combatants who, as a result of Russia’s armed aggression against Ukraine, need treatment or restoration of health outside of Ukraine.
Payment for services necessary to create appropriate conditions for students to study abroad is allowed. In particular, payment for accommodation, obtaining a visa for the period of study, transfers from the hostel to educational offices, food, insurance, medical services in case of emergency medical care.
