Appeal of the IT Ukraine to the new chairman of the National Bank

However, there is one extremely important issue with which the Association had previously contacted the NBU, and the representatives of the industry are looking forward to the positive decision. Unfortunately, today entrepreneurs can not transfer currency from the account of a private limited company to their personal account – its earnings from export activities can only be used after its conversion into hryvnia, which means the loss of a part of the income. This mechanism was introduced in 2016 by an explanatory letter from the National Bank, and to a greater extent, it concerns freelancers and independent entrepreneurs, whose number in Ukraine is about 20,000-30,000, which is significant. Surprisingly, the rights of exporting entrepreneurs were limited while major importers received currency liberalization. Providing the ability of the private entrepreneurs to transfer currency to their accounts of individuals will not only give the opportunity to truly feel the currency liberalization of tens of thousands of IT-professionals but will also positively affect perceptions of reforms in Ukraine as a whole throughout the industry. We are convinced that the lifting of the above-mentioned restrictions will be positively reflected in the further growth of the third export industry in Ukraine. We are pleased that the new Head of the National Bank of Ukraine declared economic growth as one of the three goals of his work and, accordingly, we look forward to his personal assistance in solving the issue of transferring currency by entrepreneurs-exporters to their own accounts.