As Interfax-Ukraine reports, the NBU resolution of December 12, 2002 "On Approval of the Instruction on the Procedure for Organization and Implementation of Currency Exchange Operations on the Territory of Ukraine and Amendments to Certain Regulatory Acts of the NBU" comes into force on March 16 of the current year.
Previously, the National Bank allowed only currency withdrawn from one's own account in an authorized Ukrainian bank; purchased through a bank cash desk; in the form of traveler's checks purchased through a bank cash desk; and in the form of a Visa Travel Money card to be taken out.
According to the resolution, currency exchange offices will issue special certificates of currency purchase to be presented to customs authorities. Currently, it is allowed to take out of Ukraine foreign currency in amounts up to $1,000 subject to oral declaration, from $1,000 to $5,000 subject to written declaration and presentation of a certificate of currency origin, over $5,000 subject to an individual NBU license.
At the same time, the National Bank of Ukraine has completely prohibited currency exchange offices from conducting transactions exceeding the equivalent of 10,000 euros. Large-sum transactions can only be carried out through bank cash desks (financial institutions). This is because back in April 2002, the NBU introduced mandatory identification for wealthy Ukrainians who allow themselves to buy and sell more than 10,000 euros. When conducting such transactions, the client's surname, passport data, date of birth, address, and signature must be entered into the incoming and outgoing cash orders. And simple exchange offices often did not bother with this.