Pen on credit card and a US one hundred dollar bill
The NBU plans to gradually abolish currency restrictions, but at the same time, asks businesses to return foreign exchange revenues on time and in full and avoid fictitious import schemes, said NBU Chairman Andriy Pyshnyi. “Unreimbursed export revenue has almost doubled during the war. We are also following schemes related to fictitious imports, which bleeds our gold and foreign exchange reserves,” added the head of the National Bank. The total amount of non-returned currency through extortion that faces Ukraine exceeds $8B. Pyshnyi noted that the resources for the further easing of currency restrictions are limited, as it depends on export extortion and international financial aid to the country, with which certain difficulties have already arisen. At the same time, Ukraine has already managed to survive for two months without foreign aid, although such a scenario seemed unrealistic in 2022, Pyshnyi noted. However, in the fundamental forecast, the National Bank assumes that total foreign assistance of $37B will be received in 2024.
