Ukraine central bank may ease curbs on repatriating dividends: governor

Ukraine central bank may ease curbs on repatriating dividends: governor
FILE PHOTO: Ukraine's Central Bank Governor Yakiv Smoliy speaks during an interview with Reuters in Kiev, Ukraine December 5, 2018. REUTERS/Valentyn Ogirenko -
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VALENTYN OGIRENKO(Reuters)
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KIEV (Reuters) – Ukraine’s central bank may ease restrictions on how much money in dividends non-resident investors can take out of the country, Governor Yakiv Smoliy told reporters on Tuesday.

Smoliy did not specify whether the central bank would raise or scrap the limit, which now stands at 12 million euros (11 million pounds) a month. Ukraine also scrapped a rule last week that requires businesses to sell 30 percent of their foreign currency earnings on the interbank foreign exchange market.

(Reporting by Natalia Zinets; Writing by Matthias Williams; Editing by Peter Graff)

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