The innovations, which will take effect on December 21, will not affect the exchange rate of the Hryvnia and international reserves.
The National Bank of Ukraine announced the easing of some monetary restrictions, which should support domestic producers and improve business conditions. The press service of the regulator reported this on Friday, December 20.
The innovations, which will take effect on December 21, will not affect the exchange rate of the Hryvnia and international reserves.
Legal entities and individual entrepreneurs will be able to buy and sell metals at the bank without physical delivery for non-cash hryvnia. This applies to companies that:
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engaged in the manufacture of jewelry;
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confirm their activities in this area before a large-scale invasion begins.
The decision aims to stabilize the jewelry industry, reduce the import of finished products and reduce production costs.
The National Bank allowed the operators of nuclear installations to buy foreign currency regardless of the balances in their accounts, if these funds were received under loan agreements with the support of foreign guarantees.
This will ensure a stable supply of nuclear fuel and support the country’s energy security.
The NBU updated the rules that allow Ukrainian companies to reimburse non-residents for the costs of paying Eurobond coupons.
The changes create a level playing field for all companies that raise financing through Eurobonds. Transfers will be made only from own foreign currency funds, subject to the conditions of the NBU.
Such measures will not have a negative impact on the foreign exchange market, but will help attract new investments to Ukraine.
We remind you that the National Bank of Ukraine (NBU) for the third time in a row left the discount rate at 13% per annum.
Source: korrespondent
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