NBU Simplifies the Procedure for Bringing Cash Foreign Currency in Ukraine

The National Bank of Ukraine has simplified the procedure for bringing cash foreign currency to Ukraine by residents and improves the procedure for bringing it out of Ukraine.

At present, resident individuals may bring into Ukraine cash in the amount exceeding EUR 10 thousand (or the equivalent in another currency) subject to its full declaration in writing at the customs office and the provision of documents confirming withdrawals of cash from accounts with financial institutions and receipts confirming FX transactions with the cash, if any, for the amount exceeding EUR 10,000 or its equivalent.

In the future, Ukrainians will be allowed to bring cash in without confirming documents only subject to its full declaration in writing at the customs office.

At the same time, the NBU specifies that bringing cash in the amount exceeding EUR 10 thousand (or the equivalent in another currency) out of Ukraine by resident individuals is subject to the provision of documents confirming withdrawals of cash from their own accounts with banks and receipts confirming FX transactions with the cash, if any, for the amount exceeding EUR 10,000 or its equivalent.

Respective amendments to this effect were approved by NBU Board Resolution No. 127 of 12 December 2017 On Amendments to the Instruction on Transporting Cash and Banking Metals across Ukraine’s Customs Border, coming into effect from 14 December 2017.

https://bank.gov.ua/control/en/publish/article?art_id=60607023&cat_id=76291