RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of November 12, 2003 No. 496

About approval of the Regulations on establishment of the official rate of hryvnia to foreign currencies and rate of bank metals

According to Articles 7,  "About the National Bank of Ukraine" and for the purpose of enhancement of regulatory legal acts of the National Bank of Ukraine the Board of the National Bank of Ukraine DECIDES: 15 and 36 Laws of Ukraine

1. Approve Regulations on establishment of the official rate of hryvnia to foreign currencies and rate of bank metals it (is applied).

2. Recognize invalid:

The regulations on procedure for establishment of official (accounting) rates of bank metals approved by the resolution of Board of the National Bank of Ukraine of 07.02.2000 No. 47 "About approval of the Regulations on procedure for establishment of official (accounting) rates of bank metals", registered in the Ministry of Justice of Ukraine 27.03.2001 for No. 276/5467;

the resolution of Board of the National Bank of Ukraine of 06.03.2001 No. 98 "About approval of the Regulations on establishment and use of the official rate of hryvnia to foreign currencies", registered in the Ministry of Justice of Ukraine 18.04.2001 for No. 355/5546.

3. To impose control of execution of this resolution on Department of currency control (Yaremenko S. O.

4. The resolution becomes effective in 10 days after state registration in the Ministry of Justice of Ukraine.

Approved by the Resolution of Board of the National Bank of Ukraine of November 12, 2003 No. 496

Regulations on establishment of the official rate of hryvnia to foreign currencies and rate of bank metals

In this Provision according to Articles 7, 15 and 36 Laws of Ukraine "About the National Bank of Ukraine" the National Bank of Ukraine determines procedure for establishment and use of the official rate of hryvnia to foreign currencies and bank metals.

1. The National Bank of Ukraine (further - National Bank) establishes the official rate of hryvnia to foreign currencies, the international calculating monetary units, and also the official rate of bank metals (further - the official rate of hryvnia to foreign currencies and bank metals).

2. The official rate of hryvnia to foreign currencies and bank metals is established:

daily - for convertible currencies which are widely used for implementation of payments on the international transactions, currencies of member countries of the European Union (1 group of the Qualifier of foreign currencies and bank metals approved by the resolution of Board of the National Bank of Ukraine of February 04, 1998 No. 34 (in edition of the resolution of Board of the National Bank of Ukraine of April 19, 2016 No. 269), for foreign currencies of other countries which are the main foreign trade partners of Ukraine (appendix 1), and for bank metals (appendix 3);

once a month - for other foreign currencies (appendix 2);

once a month repeatedly - for special drawing rights (further - SPZ).

3. The official rate of hryvnia to the foreign currencies and bank metals specified in Item 2 this provision is calculated:

1) to US dollar - as the weighted average value of hryvnia exchange rate to US dollar from its purchase and sale on conditions "that", "volume" and "spot" in day of establishment of the official rate on all to the signed contracts between subjects of the market, and also between subjects of the market and National Bank according to System of the agreement confirmation in the interbank foreign exchange market of Ukraine of National Bank;

2) to such currencies: Australian dollar, baht, Bulgarian leva, Brazilian real, there, Hong Kong dollar, Danish krone, zloty, yen, euro, Indian rupee, Canadian dollar, kuna, Malaysian ringgit, Mexican peso, New Israeli shekel, New Zealand dollar, Norwegian krone, rand, Romanian leu, rupee, Singapore dollar, Turkish lira, forint, pound sterling, Czech koruna, Swedish krona, Swiss franc, yuan Renminbi - based on information on hryvnia exchange rate to the US dollar established according to the subitem of 1 Item 3 this provision and about daily fixing of currency rates to euro the European Central Bank.

If there is no daily fixing of rates of the specified currencies to euro the European Central Bank, then the official rate of hryvnia to foreign currencies is calculated based on information on hryvnia exchange rate to the US dollar established according to the subitem of 1 Item 3 this provision and about the national currency rates to US dollar established by the relevant Central (national) Banks of the states;

3) to such currencies: Azerbaijanian manat, Belarusian ruble, Armenian dram, Egyptian pound, Iranian rial, lari, Moldovan leu, Russian ruble, som, somoni, tenga, the Turkmenistan new manat, Uzbekistan sum - based on information on the hryvnia exchange rate to US dollar established according to the subitem of 1 Item 3 this provision and on the national currency rates to US dollar established by the relevant Central (national) Banks of the states;

4) to such currencies: Algerian dinar, UAE dirham, dong, Iraqi dinar, Lebanese pound, Moroccan dirham, new Taiwan dollar, Pakistan rupee, Saudi riyal, Serbian dinar, taka, Tunisian dinar - based on information on the hryvnia exchange rate to US dollar established according to the subitem of 1 Item 3 this provision and on the current cross-rates of the corresponding currencies to US dollar in the international foreign exchange markets received including through trade and information system of the THOMSON REUTERS company and in the Financial Times newspaper;

5) to SDR - based on information on the hryvnia exchange rate to US dollar established according to the subitem of 1 Item 3 this provision and on the rate of SDR to US dollar established by treasurer management of the International Monetary Fund (further - the IMF);

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