NBU Eases Some FX Restrictions

NBU Eases Some FX Restrictions NBU Eases Some FX Restrictions 24 Apr 2026 13:00 Starting from 25 April 2026, the National Bank of Ukraine is introducing a series of measures to ease the current FX restrictions. The changes are aimed at ensuring the uninterrupted operation of defense enterprises, recruiting highly qualified specialists into the management bodies of Ukrainian companies and banks, and supporting military personnel as well as Ukrainians living abroad. Easing conditions for FX purchases by defense enterprises When processing companies’ requests to purchase foreign currency, banks will be able to disregard FX balances in accounts if: such funds were received from foreign states or agencies authorized by them to finance contracts for the production of military and dual-use goods whose end recipients are units of the security and defense forces foreign currency is purchased using budget funds for the purpose of fulfilling a state contract for the production of military goods whose end recipients are units of the security and defense forces. These changes will facilitate the timely fulfillment of defense enterprises’ obligations to government customers and ensure the proper functioning of Ukraine’s defense industry as a whole. Expanding opportunities fornon-resident servicepersons to purchase and transfer foreign currency abroad, in order to support the recruitment of foreign military personnel to Ukraine’s defense forces Non-resident servicepersons will be able to purchase and transfer foreign currency abroad without restrictions, up to the amount of their allowances, provided that such funds were credited to the serviceperson’s account on or after 1 May 2026. For funds credited to a serviceperson’s account before 1 May 2026, the current limit of up to the equivalent of UAH 400,000 per calendar month will continue to apply. In addition, to ensure equal conditions for the social protection of non-resident military personnel of the Armed Forces of Ukraine and the National Guard of Ukraine, banks have been permitted to credit hryvnia funds, within Ukraine, from resident legal persons and resident and non-resident individuals to the current accounts of all non-resident servicepersons, regardless of their citizenship. Clarifying the list of documents to be used by banks and non-bank payment service providers to identify and verify military personnel when opening accounts The NBU has authorized the use, for identification and verification of servicepersons, of the new-type military registration document in the form established by the Ministry of Defense of Ukraine, as well as the military ID, officer’s ID, and general’s ID, provided that these documents are valid at the time of opening an account for the serviceperson. Simplifying some conditions for purchasing and transferring foreign currency in order to recruit highly qualified non-resident specialists to Ukrainian companies Ukrainian companies have been permitted to purchase and transfer foreign currency to accounts of non-resident individuals who are members of the supervisory boards, management boards, or executive bodies of such companies and who hold accounts abroad, in an amount equivalent to payments accrued on or after 1 May 2026 under civil law contracts. In addition, non-resident individuals will be able to purchase and transfer foreign currency abroad in the amount of payments received on or after 1 May 2026, into their accounts in domestic currency with Ukrainian banks, including salaries, other payments received in accordance with the Law of Ukraine On Remuneration of Labor , and payments under civil law contracts. To ensure that the FX transactions of the aforementioned non-resident customers comply with Ukrainian law, including currency laws, banks, as FX supervision agents, will monitor such transactions using a risk-based approach. Creating conditions for the implementation of the government program to support Ukrainians abroad The NBU has ensured the necessary conditions for the government-established Agency of National Unity LLC to carry out international transfers using budget funds. Through this agency, funding will be provided for initiatives aimed at supporting Ukrainians abroad and facilitating their return to Ukraine. The amendments also remove the requirement for insurers to submit to the NBU their monthly calculations confirming compliance with solvency requirements in order to remain on the list of insurers entitled to conduct reinsurance transactions with non-resident reinsurers. Said changes are stipulated in NBU Board Resolution No. 43 On Amendments to NBU Board Resolution No. 18 dated 24 February 2022 dated 23 April 2026, which takes effect on 25 April 2026. Tags: Tags: financial markets FX restrictions Поділитися: Поділитися: Theme news Oversight Council Conducts Regular Review of Money Market and FX Market Indicators 6 Apr 2026 15:07 NBU Improves Conditions for Raising Funds for Treatment Abroad and Regulates Settlements by U.S.–Ukraine Reconstruction Investment Fund 3 Apr 2026 13:00 Ukraine’s Government Borrows Equivalent of Over UAH 158 Billion through Auctions to Sell Domestic Government Debt Securities since Early 2026, and almost UAH 2,185 Billion Total since Martial Law Was Imposed 2 Apr 2026 19:30 All news Subscribe for notifications Subscribe to news alerts