AUB expects stabilize hryvnia

Cancel the Verkhovna Rada of PF with the purchase and sale transactions of non-cash foreign currency will help stabilize the hryvnia. The press office of the Association of Ukrainian Banks. "The law is extremely positive impact on the currency market and the economy of Ukraine as a whole. Cancellation of pension due from the purchase and sale transactions of non-cash currency will lead to liberalization of the foreign exchange market, increase the volume of arbitrage and supply of foreign currency on the interbank market, which will help stabilize the hryvnia with respect to Foreign currency exchange, "- said president of the Association Alexander Sugonyako. This PF tax was repealed from 1 July 2010 law "On State Budget for 2010, but due to the expiration of the law collected automatically renewed by January 1, 2011. AUB previously called to cancel the gathering Radu PF operations with sales of non-cash foreign exchange. Recall that Parliament abolished the collection of the Pension Fund with the purchase and sale transactions of foreign currency. As noted in a memorandum to the bill, the document is designed to fulfill the obligations of Ukraine to the International Monetary Fund, under the Memorandum of Economic and Financial Policy in the program stand by . It is also noted that the purpose of the bill - to harmonize the law on assemblies to the mandatory state pension insurance "with the Budget Law for 2011, which proceeds from this collection of budget revenues are not provided. Source: Ministry of Industry