The NBU continues to support farmers: the terms of return of foreign exchange earnings have been increased to 120 days

The National Bank of Ukraine decided to increase the terms of return of foreign exchange earnings for agricultural products from 90 to 120 days. This important decision is intended to support Ukrainian exporters who are actively developing cooperation with Asian and African markets, noted the chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Danylo Hetmantsev.

This initiative has already received the support of the head of the National Bank of Ukraine Andriy Pyshny, who during the meeting of the Committee of the Verkhovna Rada stated that he would positively consider the government's request to increase the terms of return of foreign exchange earnings for agricultural producers. He emphasized that such a step will allow maintaining the stability of export operations and increase the efficiency of the industry, while avoiding problems with non-return of funds.

According to the head of the NBU, the growth of export revenue is key to replenishing Ukraine's gold and currency reserves. He also emphasized the importance of working together with industry associations and the Ministry of Economy to find optimal solutions aimed at supporting the agricultural sector and maintaining stability in the export sector.

The regulator emphasizes that the new time limits are aimed at ensuring effective management of export activities, which is an important element of ensuring the stability of the country's economic development.

Now the National Bank of Ukraine is planning further steps to implement this initiative and hopes for positive results for the entire export sector of Ukraine, which is an important pillar of the national economy.