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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of September 3, 2015 No. 581

About settlement of situation in the monetary and currency markets of Ukraine

(as amended on 01-12-2015)

According to article 99 of the Constitution of Ukraine, article 387 of the Economic code of Ukraine, Articles 6, of 7, of 15, of 25, of 33, of 44, of 45, of 55, 56 and to Sections IV, V, VIII of the Law of Ukraine "About the National Bank of Ukraine", to Articles 66, 67 and Chapter 11 of the Law of Ukraine "About banks and banking activity", to articles 1 and 2 of the Law of Ukraine "About procedure of payments in foreign currency", to the Law of Ukraine "About charity and charitable organizations", to Sections II and III of the Decree of the Cabinet of Ministers of Ukraine of February 19, 1993 No. 15-93 "About system of currency control and currency exchange control" and for the purpose of settlement of situation in the monetary market of Ukraine, in particular its currency segment, the Board of the National Bank of Ukraine decides:

1. Determine that the calculations for transactions for export and commodity import provided in articles 1 and 2 of the Law of Ukraine "About procedure of payments in foreign currency" are performed in time, not exceeding 90 calendar days.

2. Establish the requirement for obligatory sale in the interbank foreign exchange market of Ukraine of the receipts in foreign currency from abroad for benefit of legal entities which are not authorized banks, physical persons entrepreneurs, foreign missions (except official representations), into the accounts opened in authorized banks for conducting joint activities without formation of legal entity, and also revenues in foreign currency into the accounts of residents opened outside Ukraine based on individual licenses of the National Bank of Ukraine.

The receipts in foreign currency specified in paragraph one of this Item are subject to obligatory sale in the interbank foreign exchange market of Ukraine, including directly to the National Bank of Ukraine, in the amount of 75 percent. The others receipt in foreign currency remain at the disposal of residents and nonresidents and are used by them according to rules of currency control.

Receipts in foreign currency are not subject to obligatory sale in the interbank foreign exchange market of Ukraine:

for benefit of the state or under the state guarantees;

on the credits, loans attracted according to international treaties of Ukraine which consent to be bound is provided by the Verkhovna Rada of Ukraine or from international financial institutions which member is Ukraine, or from international financial institutions under agreements with which Ukraine undertook to provide the legal regime provided to other international financial institutions;

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