At a briefing with Deputy Governor of the National Bank of Ukraine Yuriy Heletiy, it was announced that the initiative to reduce the period for returning foreign currency earnings by the agricultural sector from 180 to 90 days has led to an increase in its volumes, amounting to hundreds of millions of dollars per month.

"Our measures to reduce the deadline for refunds for the sale of agricultural products, which came into effect on November 11, are already showing their effectiveness. We are witnessing a significant increase in the return of foreign currency earnings by the agricultural sector, estimated at hundreds of millions of dollars every month," he said.

Heletiy added that the NBU continues to actively cooperate with the government to improve the verification system for agricultural exporters, with timely return of foreign currency earnings becoming one of the new criteria.

"The new criterion for the list of verified exporters is the return of foreign currency earnings to Ukraine. We believe that this will contribute to a further increase in revenue," he emphasized.

At the beginning of October last year, the National Bank of Ukraine set the deadline for settlements for exports of a number of agricultural products at 90 calendar days instead of the 180-day deadline that was previously in effect from April 5, 2022. This restriction applies to products such as wheat, rye, barley, oats, corn, soybeans, rapeseed and other agricultural products.