KYIV, Feb 6 – The entry into force of the Law on Currency and Foreign Exchange Transactions from February 7, 2019, will lift more than 20 restrictions in the foreign exchange market, according to a press release of the National Bank of Ukraine (NBU).
The law, in particular, provides for the extension by half of the deadline for settlements on export-import operations – up to 365 days, the cancellation of sanctions (in the form of cessation of foreign economic activity) for violation of the settlements deadline and the abolition of forex supervision of export-import operations worth less than UAH 150,000.
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