Currency Confiscation: When Ukrainians Can Have Euros and Dollars Taken Away.

Ukrainians Must Adhere to Customs Regulations

Ukrainians crossing the border with cash currency must strictly adhere to customs regulations to avoid serious financial losses.

The State Customs Service has established clear limits for the movement of funds. Amounts up to 10,000 euros (at the exchange rate on the day of crossing) are allowed to be taken out without declaration. Exceeding this limit requires mandatory declaration and documentary proof of the origin of the funds, News Live reports.

Document Requirements

Residents of Ukraine taking out large sums must provide proof of withdrawal from the bank account, a certificate of purchase of banking metals, or a currency exchange receipt. The validity of withdrawal documents is limited to 90 days.

For non-residents, the requirements are simplified - it is sufficient to correctly fill out the customs declaration.

Penalty System

Updated sanctions for violations have been in effect since 2022:

• 20% fine on the amount exceeding the allowed limit for non-declaration
• 100% fine plus total confiscation for intentional concealment or illegal transportation

Even after paying the fine, currency without the appropriate documents remains with customs, making its export impossible.

According to the forecast of the Ministry of Economy of Ukraine, the average exchange rate of the hryvnia to the dollar in 2025 will be 43.3 UAH, in 2026 - 44.7 UAH, in 2027 - 45.2 UAH, and in 2028 - 45.6 UAH.

It should be noted that experts from the investment group Dragon Capital predict that the National Bank of Ukraine plans to start gradually weakening the hryvnia against the dollar in the second half of 2025, coinciding with the expected decline in inflation.

The National Bank of Ukraine also does not plan to change the US dollar for the euro as the main currency for exchange rate formation, although it is exploring this possibility, as the regulator reported in response to a request from 'Economic Truth'.

Analyzing the provided information, it is important to pay attention to the stated requirements and penalties for violations of customs regulations. These measures are designed to improve control over the movement of funds across the border of Ukraine and ensure the financial security of the country.