EBA Expert Talks: 360° Overview of New Currency Regulations
The new Law of Ukraine “On Currency and Currency Operations” dated 21 June 2018 (“the Law“) finally becomes applicable on 7th of February, 2019, which is probably one of the most expected legal novelties of the early 2019, not only for those businesses that are dealing with foreign trade, but to everyone.
On February 5th active business community gathered to discuss changes at EBA Experts Talks: 360° Overview of New Currency Regulations.
Despite the fact that a lot of limitations are still valid, it is expected that the anti-crisis provisions are to be abolished as soon as macroeconomic and macro-financial conditions are improved. In general – adoption of new currency legislation is a significant step towards simplification of the procedures, harmonization of Ukrainian legislation with EU and international practices and shifting of foreign trade on the new level.