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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of February 24, 2022 No. 18

About work of bank system during introduction of warlike situation

(as amended on 14-04-2022)

According to article 7 of the Law of Ukraine "About the National Bank of Ukraine" for the purpose of ensuring reliability and stability of functioning of bank system the Board of the National Bank of Ukraine DECIDES:

1. The board of the National Bank of Ukraine ensures functioning according to the Law of Ukraine "About National Bank", to the Regulations of Board of the National Bank of Ukraine in the conditions of the special period approved by board decision of the National Bank of Ukraine of August 21, 2019 No. 606-rsh, to normative and legal and administrative acts of the National Bank of Ukraine.

2. Banks continue work taking into account the restrictions determined by this resolution.

3. Forbid issue in Ukraine of cash in hryvnias from customer account in national currency in the amount exceeding 100000 hryvnias a day (without the commission of bank), except cash withdrawal of money in hryvnias:

1) for the purpose of salary payment and social payments;

2) from accounts of the companies and organizations providing accomplishment of mobilization plans (tasks), the Governments of Ukraine;

3) in branches, departments of banks which are located in the territories which are under the threat of occupation государством-агрессором/государством-оккупантом (issue is performed within balance on the account, availability of cash in cash desk of branch/department). The decision on issue of such means is made by the head of bank and can be delegated to the head of branch/bank department.

4. Perfrom clearing settlements without restrictions.

5. Forbid issue in Ukraine of cash in foreign currency from customer account in foreign currency in the amount exceeding in equivalent of 100000 hryvnias a day (without the commission of bank), except cash withdrawal in foreign currency from accounts:

1) the companies and organizations providing accomplishment of mobilization plans (tasks), the Governments of Ukraine;

2) in branches, departments of banks which are located in the territories which are under the threat of occupation государством-агрессором/государством-оккупантом (issue is performed within balance on the account, availability of cash in cash desk of branch/department). The decision on issue of such means is made by the head of bank and can be delegated to the head of branch/bank department;

3) on implementation of compensation payments on long-term business trips and payments on ensuring activities of workers of devices of military attaches and offices of representatives of the Ministry of Defence of Ukraine to foreign diplomatic organizations of Ukraine;

4) Financial management of the General Staff of the Armed Forces of Ukraine for ensuring activities of the Armed Forces of Ukraine;

5) on implementation of operating expenses by the state air enterprise for providing, the organization and accomplishment by aircrafts of warranty aviation flights.

5-1. Issue of bank metals from customer accounts of banks is performed without restrictions within remaining balance of bank metals on the account in the presence of bank metals in cash desk of branch/bank department.

5-2. Forbid issue outside Ukraine of cash:

1) from customer account of the bank opened in Ukraine in national currency, in amount which exceeds in equivalent 100000 hryvnias on calendar month;

2) from customer account of the bank opened in Ukraine in foreign currency, in total amount which is determined in paragraph one of Item 5 of this resolution (in total amount the cash amount in foreign currency which are issued from this customer account in foreign currency within Ukraine on the same day is considered);

Action of subitems 1 and 2 of Item 5-2 of this resolution does not extend to issue of funds from accounts of workers of devices of military attaches and offices of representatives of the Ministry of Defence of Ukraine to foreign diplomatic organizations of Ukraine.

6. To make payments of the Government without restrictions according to the legislation on the special period.

6-1. The Ministry of Defence of Ukraine performs from the accounts of transaction on money transfer opened in the National Bank of Ukraine in hryvnia / to foreign currency in the territory of Ukraine / abroad for ensuring national security and defense and support of the Armed Forces of Ukraine and accomplishment of other tasks of the Ministry of Defence of Ukraine determined by the legislation of Ukraine including purchase of foreign currency for such purposes, without submission to the National Bank of Ukraine of the documents confirming availability of bases/obligations for their carrying out. Such transactions are performed based on the payment order / order on purchase of foreign currency. The Ministry of Defence of Ukraine provides independent verification of agreements (contracts) and other documents confirming the transactions specified in the first offer of Item 6-1 of this Resolution on compliance to requirements of the legislation.

7. Support ATMs with cash without restrictions.

8. To banks to ensure functioning of departments in the uninterrupted mode in the conditions of lack of threat of life and to health of the population.

9. Provide access to storages for individual safes and/or safes with individual safes of clients in the uninterrupted mode if there is no direct threat of life and to health of the population.

9-1. Banks have the right to exceed determined in appendix to the Rules on the organization of protection of premises of banks in Ukraine approved by the resolution of Board of the National Bank of Ukraine of February 10, 2016 No. 63 (with changes), the maximum amounts of cash and other values which are stored in storage and the safe which is used as storage.

10. The NBU performs reinforcement cash without restrictions.

11. The NBU performs blank refinancing of banks for maintenance of liquidity without restrictions on the amount for up to 1 year with possibility of prolongation for 1 year.

12. Authorized institutions are forbidden to perform trade in currency values (including transactions at the request of clients), except cases:

1) sales by clients of foreign currency in cash/non-cash form to banks, and also in cash form to non-bank financial institutions and the operator of mail service.

1-1) purchases clients of bank metals with physical delivery in branches, departments of banks which are located in the territories which are under the threat of occupation государством-агрессором/государством-оккупантом (in case of bank metals in cash desk of branch/bank department). The decision on implementation of such transactions is made by the head of bank and can be delegated to the head of branch/bank department;

1-2) purchases clients - physical persons of foreign currency in cash form. Authorized institutions perform transactions on sale to clients of foreign currency in cash form within the amount of excess of total amount of purchase of cash foreign currency over amount of its sales which is calculated since April 13, 2022 and during the next operational/working days;

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