Essence of the Resolution:
The National Bank of Ukraine changes the rules for conducting USD purchase and sale operations with banks during martial law. A new procedure for daily operations on “tom” terms (settlement on the next business day) is established to meet the needs of defense and state-owned enterprises in the natural gas sector.
Structure and Main Provisions:
1. Operations are conducted daily on working days from 15:30
2. Two cases are defined when banks can participate:
– for the needs of Ukraine’s defense
– for the needs of state-owned enterprises in the natural gas sector
3. Operations are carried out at the official exchange rate of hryvnia to US dollar
4. Minimum transaction volume is 100,000 US dollars
Key Usage Points:
– Banks can conduct operations through Refinitive and Bloomberg systems or by telephone communication
– Transaction rate is fixed at the level of the official NBU exchange rate established on the day of the operation
– Operations are available only for specifically defined purposes – defense and gas sector
– This is a special currency transaction mechanism operating under martial law conditions
