50 thousand UAH is the limit of the payment in cash?

50 thousand UAH is the limit of the payment in cash?

03.01.2017 News

New maximum possible amount for calculating the cash will be installed since January, 4 this year by National Bank of Ukraine. It will now be the ultimate indicator of 50 thousand UAH instead of the previous 150, according to the source delo.ua.

These rules are specified in the decision № 407 of the National Bank of Ukraine from November 25, 2016. Resolution of these standards is provided to reduce the maximum amount of cash transactions between the individual and the enterprise.

The situation with monetary transactions remains the same – the banks must provide in full all necessary transfers as needed.

NBU notes that the decrease in the amount of cash payments up to 50 thousand UAH is marked as such, which will not lead to confusion Ukrainian citizens, because it does not cover the daily shopping expenses . Such innovations will appear exclusively on large-scale acquisitions.

In NBU gave an example of many European countries, which also established the maximum amount of cash payments. Among them are France, Belgium, Greece, Italy and others. Many other countries are planning to introduce such rules.

Also read: Bank Khreshchatyk repaid the debt to the NBU anticipatorily

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