Since January 1, 2019, amendments to the Instruction on the procedure for organizing and carrying out currency exchange operations in Ukraine, approved by the Board of the National Bank of Ukraine No. 502 of 12.12.2002, regarding the use of cash flow recorders (RRO), came into force.

It is for the introduction of financial institutions required payment devices and PPO was granted a six-month period (the changes were adopted 07.06.2018 Decree number 63) and partially entered into force on 1 July.

These changes should generally contribute to the liberalization of the foreign exchange market in Ukraine and a reduction in the level of foreign exchange control in the sphere of foreign exchange transactions of individuals, the associate partner of Skliarenko, Sydorenko and Partners, Yulia Stusenko, who told the publication of "Yurydychna gazeta", about the key provisions that have entered into force.

For financial institutions, they must have a PPO, registered in the State Fiscal Service bodies, as well as to carry out foreign exchange transactions, in addition to ongoing through the payment device, with registration receipt on the implementation currency exchange operations / PPO settlement document.

The receipt of the currency exchange transaction is issued by the financial institution in two copies, the first of which is issued to an individual. The bank has the right, if the client agrees, not to issue the first copy of the receipt of the currency exchange transaction, however, client should remember that in the absence of the first copy of the receipt of the currency exchange transaction, the bank will not have the right to perform the cancellation by the client at the bank’s currency exchange offices (the operation is canceled within 15 minutes after the currency exchange operation, in the case of a client’s rejection of a previously performed operation and the presence of the receipt of making a currency exchange transaction / settlement document PPO).

In addition, from January 1, 2019, financial institutions can conduct currency exchange transactions with individuals through payment devices (ATMs), during which a receipt or ATM check must be drawn up. At the same time, customer data is filled only when carrying out a currency exchange transaction in an amount equal to or greater than the equivalent of 150,000 hryvnia.