Ukraine

Ukraine

Central Bank lifts restriction on the mandatory conversion of foreign investment into local currency

05 May 2016

On 5 May 2016, Ukraine’s Central Bank lifted the requirement that three-quarters of all capital coming into the country as foreign investment be converted into the local currency Hryvnia. The decision has entered into force on 11 May 2016.

Nature of measure:
  • Liberalization
Type:
  • Treatment and operation (Capital transfer and FOREX)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: