Hot Issue (#05 May 2019)

First Insights into New Currency Control Regulation in Ukraine

by Oleksandr RUDENKO, Yuliia PIDLISNA

On 7 February 2019, the Law of Ukraine On Currency and Currency Operation alongside with new regulations of the National Bank of Ukraine (NBU) came into force. They were expected to significantly liberalize foreign currency circulation within the territory of Ukraine and attract more investment into Ukraine and accelerate further economic growth. At the time of adoption, new currency control regulations received positive assessment from both business and expert communities. However, over the period of practical implementation of such changes some issues are still to be properly addressed.

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