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EBA representatives meet with the NBU leadership

14/ 03/ 2025
   . On 12 March, the quarterly meeting between the leadership of the National Bank of Ukraine and business associations took place, focusing on macro-financial stability and currency liberalisation. The meeting was attended by the EBA Board and Committee Chairs. We extend our gratitude to NBU Governor Andriy Pyshnyy, his Deputy Yuriy Heletiy, and the heads of relevant departments for providing valuable insights into the macroeconomic situation, cooperation with the IMF, and the next steps in currency liberalisation. EBA representatives welcomed the NBU’s plans for currency liberalisation, particularly regarding: Expanding opportunities for promoting domestic products in foreign markets, Protecting rights and interests in foreign courts and arbitration bodies, Initiating the liberalisation of restrictions on foreign exchange derivative transactions. Additionally, the regulator is working on a mechanism for incentivised liberalisation, which will integrate measures to attract additional capital into Ukraine’s economy. The approach is currently under development. For businesses, several pressing needs remain: The ability to purchase foreign currency to fulfil obligations regardless of foreign currency balances, The completion of foreign exchange supervision over the deadlines for export-import transactions if counter-obligations are settled via set-off, meaning Ukrainian residents offset foreign currency earnings against debts owed to non-residents for previously transferred funds, The ability to purchase foreign currency for tax and duty payments abroad (for representative offices), Increasing limits on the use of corporate hryvnia bank cards outside Ukraine, Salary payments to non-residents working in Ukrainian companies. Regular meetings with the NBU enable businesses to stay informed about policy changes and provide continuous feedback to the regulator. We appreciate the opportunity for open dialogue with the leadership of the National Bank of Ukraine!
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On 12 March, the quarterly meeting between the leadership of the National Bank of Ukraine and business associations took place, focusing on macro-financial stability and currency liberalisation. The meeting was attended by the EBA Board and Committee Chairs.

We extend our gratitude to NBU Governor Andriy Pyshnyy, his Deputy Yuriy Heletiy, and the heads of relevant departments for providing valuable insights into the macroeconomic situation, cooperation with the IMF, and the next steps in currency liberalisation.

EBA representatives welcomed the NBU’s plans for currency liberalisation, particularly regarding:

  • Expanding opportunities for promoting domestic products in foreign markets,
  • Protecting rights and interests in foreign courts and arbitration bodies,
  • Initiating the liberalisation of restrictions on foreign exchange derivative transactions.

Additionally, the regulator is working on a mechanism for incentivised liberalisation, which will integrate measures to attract additional capital into Ukraine’s economy. The approach is currently under development.

For businesses, several pressing needs remain:

  • The ability to purchase foreign currency to fulfil obligations regardless of foreign currency balances,
  • The completion of foreign exchange supervision over the deadlines for export-import transactions if counter-obligations are settled via set-off, meaning Ukrainian residents offset foreign currency earnings against debts owed to non-residents for previously transferred funds,
  • The ability to purchase foreign currency for tax and duty payments abroad (for representative offices),
  • Increasing limits on the use of corporate hryvnia bank cards outside Ukraine,
  • Salary payments to non-residents working in Ukrainian companies.

Regular meetings with the NBU enable businesses to stay informed about policy changes and provide continuous feedback to the regulator. We appreciate the opportunity for open dialogue with the leadership of the National Bank of Ukraine!

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