RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of March 28, 2014 No. 172

About settlement of activities of financial institutions and carrying out currency transactions

For the purpose of ensuring stability of monetary unit of Ukraine, depositor protection and other creditors of banks, proceeding from priority of maintenance of price stability in the state, assistance of banking system stability of Ukraine, ensuring calculations, including in foreign economic activity and the related transactions, being guided by article 99 of the Constitution of Ukraine, Articles 6, of 7, of 15, 55 and Sections IV, V, VIII  of the Law of Ukraine "About the National Bank of Ukraine", Articles 66, 67 and Chapter 11 of the Law of Ukraine "About banks and banking activity", Articles 4, 6 and 11 Decrees of the Cabinet of Ministers of Ukraine of February 19, 1993 No. 15-93 "About system of currency control and currency exchange control", articles 8 and 9  of the Law of Ukraine "About foreign economic activity", the Board of the National Bank of Ukraine decides:

1. Enter such measures concerning activities of banks  which list is given in appendix to this resolution, and financial institutions:

1) to permit residents to perform repayment of the credits, loans (financial aid) in foreign currency under contracts with nonresidents, including in case of the conclusion of supplementary agreements to credit agreements, not earlier than the term provided by agreements. The specified requirement extends to cases of early accomplishment by the resident borrower of obligations both on the main amount of credit/loan, and on other payments established by the agreement of crediting (loan, financial aid);

2) at the request of physical persons out of limits of Ukraine transfer of foreign currency on the current currency uncommercial transactions is made:

without supporting documents from the current account in foreign currency or without its opening - on the amount which in equivalent does not exceed 15000 hryvnias a month. Physical persons - nonresidents make such transfer based on supporting documents;

based on supporting documents only from the current account in foreign currency - on the amount which in equivalent exceeds 15000 hryvnias, but no more, than 150000 hryvnias a month.

The specified requirements do not extend on:

payment of expenses on treatment in medical institutions of other state, and also on payment of expenses on transportation of patients;

payment of the expenses connected with the death of citizens abroad (transportation expenses and expenses on burial);

the transfer which are made based on sentences, decisions, determinations and resolutions of judicial, investigating and other law enforcement agencies;

the transfer which are made by citizens in case of trip abroad on the permanent residence;

payment of expenses on training;

money transfers, received as compensation by nonresidents in Ukraine, pension, the alimony;

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