What is required to purchase/sell foreign currency at the Ukrainian Interbank Foreign Exchange Market through ConcordBank?
Are business entities permitted to purchase foreign currency for transactions within electronic limits?
Yes, except when such a purchase is expressly prohibited by the regulatory acts of the National Bank. (https://bank.gov.ua/)
Is it allowed to buy foreign currency in order for a resident to provide a loan / reimbursable financial assistance to a non-resident?
Yes. But in this case, the process participants, the bank and the resident, must act within the framework of the law, namely, be guided by the norms of section IX (regarding compliance with the established limits for the conduct of relevant transactions) and section Х (regarding conditions, procedure and features of transactions on current accounts of bank clients) Regulation No. 5. (https://bank.gov.ua/)
Can legal entities and individuals - entrepreneurs buy foreign currency to make advance payments under contracts for the import of goods?
Yes. The National Bank does not prohibit purchasing foreign currency for advance payments (prepayment) for the import of goods under a foreign economic
agreement (contract). (https://bank.gov.ua/)
Are there any restrictions on the amount of purchase of foreign currency?
You can find out the current restrictions in the call center or from your manager.