NBU reduced the rate of compulsory sale of foreign currency earnings

since April 5, the national Bank of Ukraine reduces the rate of mandatory sale of exporters revenues in foreign currency from 65% to 50%, - reports the official website of the regulator.

This step needs to intensify export activities of domestic enterprises requiring imports for the production of their own products in the future implemented abroad. It will significantly reduce exchange rate risks for such enterprises and to increase the operational efficiency of foreign trade.

According to experts, the NBU in the currency market the decision is not significantly affected, because businesses usually sell to 90% of foreign exchange earnings, far exceeding the established norms of compulsory sale.

Recall that during the currency crisis in August 2014, the national Bank ordered exporters to sell foreign currency earned in full. In September 2014, the rate of compulsory sale of foreign currency was reduced to 75% and from July 2016 to 65%.