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National Bank of Ukraine Resurrects Interest Rate Limits for Foreign Loans
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November 5, 2009
Previously published on November 2009
On October 15, 2009 the National Bank of Ukraine (NBU) enacted Regulation No. 614, "On Certain Issues of Registration of Loan Agreements in Foreign Currency Executed Between Resident Borrowers and Nonresidents." NBU Regulation 614 brings back to life limits on maximum interest rates for foreign loans imposed by the NBU in 2004 and subsequently suspended in the fall of 2008. The regulation and interest rate limits will go into effect on November 15, 2009.
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