1. The
Instruction has been drawn up pursuant to Article 5, Article 11 and Article 13
of Decree of the Cabinet of Ministers “On Foreign Exchange Regulation and
Control” No. 15-93, dated February 19, 1993, and Article 7, paragraph 14, and
Article 44 of the Law of Ukraine “On the National Bank of Ukraine”.
2. The
instruction sets out the rules, which apply to both residents and
non-residents, for transporting (bringing into and out of, and transferring)
cash and investment metals across Ukraine’s customs border. The provisions of
the instruction do not apply to the bringing of cash and investment metals into
and out of Ukraine by authorized banks.
3. For the
purposes of the instruction,
“cash” means
Ukraine’s domestic and foreign cash currency in the form of circulating
banknotes and coins that are legal tender in their respective countries,
banknotes and coins that have been withdrawn from circulation, or banknotes and
coins that are to be withdrawn from circulation and exchanged for circulating
ones (apart from coins considered to be investment metals), and traveler’s
cheques;
“investment
metals” mean gold, silver, platinum and platinum group metals, in ingot or in
powder form, which have been refined to meet the highest international purity
standards and whose quality is certified, as well as bullion coins with purity
(for Ukrainian coins) not lower than 995 for gold coins, 999 for silver coins,
and 999.5 for platinum and palladium coins, and (for foreign coins) purity not
lower than 900 for gold coins, 925 for silver coins, and 999 for platinum and
palladium coins;
“authorized
representative” means an individual or legal entity that has been authorized by
the top manager of a legal entity to act on its behalf. Other terms shall be
construed according to the definitions provided in Decree of the Cabinet of
Ministers “On Foreign Exchange Regulation and Control” No. 15-93, dated February
19, 1993.
Original
Notice: Ukrainian legislation is constantly changing. The Instructions contained in this post may changed by the time you read. An actual information: ukrainianlawblog@gmail.com
Notice: Ukrainian legislation is constantly changing. The Instructions contained in this post may changed by the time you read. An actual information: ukrainianlawblog@gmail.com
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