July 9, 2019 / 4:24 PM / 11 days ago

Ukraine central bank scraps limits for transfering dividends abroad

KIEV, July 9 (Reuters) - Ukraine central bank has scrapped the limit on money that foreign investors are allowed to take out of the country as dividends, the bank said on Tuesday.

The amount had been limited to 12 million euros a month.

“Business with foreign capital is no longer limited on the transfer of dividends abroad or to accounts of non-residents in Ukraine,” it said in a statement.

Ukraine also scrapped a rule last month that required businesses to sell 30 percent of their foreign currency earnings on the interbank foreign exchange market. (Reporting by Natalia Zinets Editing by Gareth Jones)

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