Hot Issue (#09 September 2012)

Payments in Hryvnia in Cross-Border Transactions

Oleg P. Zagnitko

Consisting of lines, the On Amendments to Article 7 of the Decree of the Cabinet of Ministers of Ukraine On the System of Currency Regulation and Currency Control Act of Ukraine (the Act) came into effect as of 12 January of this year. The principal idea of the Act can be quoted in a passage: “The Ukrainian Hryvnia shall be used in payments between residents and non-residents during trade transactions as a means of payment, a foreign currency and a monetary unit of Ukraine. Such payments shall be only made through authorized banks following the procedure stipulated by the National Bank of Ukraine”...

The abstract/extract view of this article is free. Access to the full text of this article requires a subscription.

Please send subscription inquiries by:

Phone: +380 44 495-27-27

The Ukrainian Journal of Business Law

Subscribe to The Ukrainian Journal of Business Law right now and enjoy the most relevant issues on doing business in Ukraine on your device or in print.

All this for just USD 9.99 a month.


Subscribe now