Central Banking

Ukraine moves to curtail capital flight

NBU says changes will support defence, business and “nuclear insurance pool”

The National Bank of Ukraine
The National Bank of Ukraine
Oksana Parafeniuk

The National Bank of Ukraine (NBU) has made a series of changes to how foreign currency-denominated accounts can be used abroad.

On September 10, the central bank announced that Ukrainians abroad would not be allowed to spend more than the equivalent of 100,000 hryvnia ($2,426) a month on precious stones, metals, jewellery, silverware or at stamp and coin stores. This mirrors the measures already in place for hryvnia-denominated accounts.

“The results of NBU’s analysis involving banks and payment

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