Украина 2016-08-08T05:06:31+03:00
Українські новини
​NBU To Lower Limit On Cash Settlements From UAH 150,000 To UAH 50,000

​NBU To Lower Limit On Cash Settlements From UAH 150,000 To UAH 50,000

This is stated in a draft resolution prepared by the National Bank of Ukraine.

The National Bank of Ukraine intends to lower the limit on cash settlements from UAH 150,000 to UAH 50,000. This is stated in a draft resolution prepared by the National Bank of Ukraine.

In 2013, the National Bank of Ukraine adopted the resolution "On Establishment of the Maximum Amount of Cash Settlements," which set the following limits on cash settlements: UAH 10,000 for settlements among businesses in a single day; UAH 150,000 for individuals conducting settlements with businesses (entrepreneurs) in a single day for goods (works, services); UAH 150,000 for individuals conducting settlements among themselves under sales agreements that are subject to notarization.

At the same time, the draft law "On Amendments to the Tax Code and Certain Laws (regarding tax reform)" provided for setting a limit equal to 15 minimum wages on cash settlements.

This limit amounts to UAH 18,270 or about EUR 1,000 at the hryvnia's exchange rate to the euro.

The need to ensure stable cash flows into the banking system and accelerate its circulation, narrow the scope of use of cash and accelerate the development of non-cash segment prompted the adoption of the decision to set the limit of UAH 50,000 on cash settlements involving the participations of individuals.

However, non-cash settlements can be made without restrictions and banks are required to provide non-cash transfers in full at the request of customers.

Currently, the limit on cash settlements is UAH 150,000.

As Ukrainian News earlier reported, the Council of the National Bank of Ukraine recommended in April that the board of the National Bank of Ukraine lower the limit on cash settlements from UAH 150,000 UAH 100,000.

On June 6, 2013, the National Bank of Ukraine adopted the resolution No. 210, which set a limit of UAH 150,000 on cash settlements for goods and services between individuals and legal entities (or entrepreneurs) from September 1.

In addition, according to the resolution, cash payments between individuals under sale/purchase agreements subject to notarization may not exceed UAH 150,000.

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