On August 11, 2026, Resolution No. 90 of the Board of the National Bank of Ukraine, dated August 10, 2026, “On Amendments to Resolution No. 18 of the Board of the National Bank of Ukraine, dated February 24, 2022,” entered into force.
The document introduces a comprehensive package of measures to ease foreign exchange restrictions, covering transactions by individuals, legal entities, and the financial sector.
The main set of changes concerns individuals: limits on the purchase of non-cash foreign currency, withdrawals from foreign currency accounts, and payments abroad have been significantly increased; options for paying rent have been expanded; and cross-border transfers from hryvnia and foreign currency accounts have been made possible.
For legal entities, certain operational limits have been increased, the mechanism for incentive-based foreign exchange liberalization has been expanded, a new “additional” limit has been introduced, and the ability to transfer certain limits between affiliated companies within the same business group has been established. Certain changes pertain to settlements between Ukrainian exporters and non-residents, as well as other cross-border business transactions.
What has changed for individuals:
Purchase of foreign currency. The limit on the purchase of non-cash foreign currency by individuals has been increased from 50,000 UAH to 200,000 UAH per calendar month.
Within this limit, individuals may not only purchase foreign currency but also non-cash bank metals and securities issued by foreign issuers.
Withdrawals from foreign currency accounts. The limit on cash withdrawals by individuals from foreign currency accounts in Ukraine and abroad has been raised from 100,000 UAH to 200,000 UAH per day.
Payments abroad from hryvnia accounts. The limit on payments for goods, works, and services abroad from hryvnia accounts has been increased from 100,000 UAH to 200,000 UAH in equivalent per calendar month.
At the same time, the list of permitted transactions has been expanded: within the specified limit, individuals may also pay for housing rentals abroad.
Transfers from hryvnia accounts. Such payments abroad can now be made not only with payment cards but also via account-to-account transfers, including via SWIFT, with the bank first purchasing foreign currency on the client’s behalf.
Transfers from foreign currency accounts. Individuals can now pay for goods, work, and services abroad by transferring funds directly from a foreign currency account to the recipient’s account, including via SWIFT.
A separate limit has been set for such transactions—the equivalent of 200,000 UAH per calendar month.
Accommodation and housing rentals abroad. The current limit of 500,000 UAH per calendar month for paying for accommodation abroad with a foreign currency card has also been extended to cover housing rentals.
In addition, such payments may be made not only by card but also by transferring funds from a foreign currency account to the recipient’s account.
What has changed for legal entities:
Cash withdrawals. The limits have been increased:
1) from hryvnia accounts within Ukraine—from 100,000 UAH to 200,000 UAH per day;
2) using hryvnia corporate cards abroad—from 17,500 UAH per week to 140,000 UAH per calendar month;
3) from foreign currency accounts in Ukraine and abroad—from 100,000 UAH to 200,000 UAH per day.
Corporate card payments abroad. The limit for paying for goods, works, and services abroad using hryvnia-denominated corporate cards has been increased from 150,000 UAH to 400,000 UAH per calendar month.
Legal entities may continue to make similar payments using foreign currency corporate cards without being subject to the limits set by foreign exchange restrictions.
New “additional” limit. As part of the incentive-based foreign exchange liberalization mechanism, a new “additional” limit has been introduced alongside the existing “donation” limit.
It is funded by direct charitable contributions made by Ukrainian companies starting on August 10, 2026, to military units of the Armed Forces of Ukraine and the National Guard of Ukraine.
Contributions that make up the “additional” limit must be confirmed by an audit report from one of the “Big Four” firms and supporting documentation.
Transfer of limits within a business group. Companies are now able to transfer their “investment” and “additional” limits, or a portion thereof, to other legal entities that, together with the owner of the relevant limit, are part of the same business group.
The “investment” limit, as before, is determined by the amount of funds raised from abroad in foreign currency for the company’s authorized capital starting May 12, 2025.
The list of transactions permitted under the incentive-based foreign exchange liberalization remains unchanged. It includes the repatriation of dividends, the fulfillment of obligations under certain “old” import contracts, the refund of prepayments for goods received prior to the start of the full-scale invasion, the repayment of “old” foreign loans, and the financing of foreign representative offices.
Payments by Ukrainian exporters to non-residents. Ukrainian exporters are now permitted to make transfers to non-resident counterparties to pay fines, penalties, bonuses, and reimbursements for expenses and losses as provided for in contracts for the export of goods.
The total amount of such transfers during a calendar year must not exceed 10% of the total value of goods supplied to the relevant non-resident under such contracts after February 23, 2021.
Other Cross-Border Transactions. The Resolution also expands the scope for conducting certain foreign exchange transactions, specifically regarding:
1) the repatriation of dividends in the event of a change in the business’s organizational and legal form;
2) the return of grants to foreign government grantors and the United Nations;
3) the purchase of foreign currency by guarantors and sureties for bank loans denominated in foreign currency;
4) the expansion of the list of transactions for which banks are permitted to settle payments under letters of credit, guarantees, and counter-guarantees;
5) payment of registration fees for participation in international events;
6) execution of certain transfers by the Innovation Development Fund in cases specified by decisions of the Government of Ukraine;
7) transfer of funds to the U.S. International Development Finance Corporation (DFC) under agreements providing for the coverage of political risks.
What Has Changed for the Financial Sector:
MTIBU. The Motor (Transport) Insurance Bureau of Ukraine has been authorized to purchase foreign currency to invest the funds of the centralized insurance reserve fund for insurance guarantees, in order to fulfill obligations under international “Green Card” motor insurance agreements.
Bank Capital Instruments. Banks are now permitted to return funds raised from non-residents as capital instruments in the event that the National Bank refuses to include such funds in the bank’s capital.
Banks’ Foreign Exchange Positions. Certain changes pertain to the procedure by which banks calculate open foreign exchange position limits.
Resolution No. 239 of the Board of the National Bank of Ukraine dated August 10, 2026, “On Amendments to the Methodology for Banks to Calculate Open Foreign Exchange Position Limits,” provides for the gradual inclusion in the calculation of the foreign exchange position of that portion of reserves formed for active operations that is currently not included in such calculations.
Unlike the main package of foreign exchange liberalization measures, these changes will take effect on September 1, 2026.
What banks need to do:
1) analyze Resolution No. 90 and identify the list of banking products, transactions, and processes subject to the new requirements and limits;
2) update internal regulatory documents, operational procedures, and algorithms for conducting foreign exchange transactions;
3) ensure that automated systems for monitoring transaction limits for individuals and legal entities are reconfigured;
4) review procedures for conducting cross-border transfers by individuals from hryvnia and foreign currency accounts, including those using SWIFT;
5) establish procedures for conducting and monitoring transactions by legal entities within the new “additional” limit, as well as for transferring “investment” and “additional” limits between affiliated legal entities within the same business group;
6) update the procedures for verifying documents and justifications for payments made by Ukrainian exporters to non-resident counterparties;
7) ensure that clients are properly informed about the new limits, the list of available transactions, and the methods for conducting cross-border settlements;
8) ensure preparations for the implementation, effective September 1, 2026, of the updated procedure for calculating open foreign exchange position limits.
The changes introduced are comprehensive in nature and represent the next stage in the gradual easing of foreign exchange restrictions. They not only increase certain quantitative limits but also expand the range and methods of cross-border transactions for individuals and legal entities.
For banks, the changes require a prompt review of internal procedures, automated controls, and customer workflows, particularly with regard to the application of new limits, the execution of international transfers, and the implementation of mechanisms to promote foreign exchange liberalization.
For reference: Resolution No. 90 of the Board of the National Bank of Ukraine dated August 10, 2026, “On Amendments to Resolution No. 18 of the Board of the National Bank of Ukraine dated February 24, 2022,” entered into force on August 11, 2026.
Amendments to the Methodology for Banks to Calculate Open Foreign Exchange Position Limits were approved by Resolution No. 239 of the Board of the National Bank of Ukraine dated August 10, 2026, and will take effect on September 1, 2026.
