en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900
NEWS

5 Minutes Offshore
Why LAVECO?
How to order a company from LAVECO Ltd
Sign up for a free consultation
Request a return call
Request a brochure
Downloadable brochures
Subscribe to our newsletter
Newsletters
Latest news
Currency exchange rates: USD/1 unit
2017.04.29
HUF 0.0035
GBP 1.2889
CHF 1.0056
RUB 0.0175
HKD 0.1285
JPY 0.009
CNY 0.145
CAD 0.736
AUD 0.7465
BRL 0.3164
EUR 1.0881

NEWS

Ukraine to limit cash transactions


12/06/2013

The bank's experts said the move would not affect financial markets, as the country had already established the infrastructure for non-cash transactions.

Ukraine would implement a cash transaction cap of 150,000 hryvnya (18,750 U.S. dollars) from 1 September 2013, the National Bank of Ukraine (NBU) said 6 June 2013.

"Such a move will reduce the cost of maintenance of cash, will promote the de-shadowing of the economy and stimulate the growth of gross domestic product," NBU deputy head Vera Rychakovskaya told a briefing.

According to official data, the share of non-cash transactions in Ukraine's financial system accounts for 11 percent of total retail payments.

www.intax-info.com

Top