Tuesday, 17 September 2013

Ukraine: National Bank of Ukraine set limits on cash payments made by individuals - Lexology

Ukraine: National Bank of Ukraine set limits on cash payments made by individuals - Lexology:

"On 1 September 2013 Resolution No 210 of the National Bank of Ukraine (NBU) (dated 06 June 2013) came into force. This introduced new limits on cash payments made by individuals, which had not previously existed.

The new limit of UAH 150,000 (circa EUR 14,000) applies to:


  • same day transactions for the payment of goods and services from individuals to legal entities/private entrepreneurs; and
  • any payment required under sale-purchase agreements subject to notarisation (e.g. in relation to immovable property) between individuals.

All payments above the amount of the new limit should be carried out by individuals via cashless transfers:"

'via Blog this'

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