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

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
Newsletters
5 Minutes Offshore
Why LAVECO?
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
2018.01.21
HUF 0.004
GBP 1.3871
CHF 1.0415
RUB 0.0177
HKD 0.1279
JPY 0.009
CNY 0.1557
CAD 0.8034
AUD 0.7991
BRL 0.3112
EUR 1.2235

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