Watermelons are preparing a new law on currency regulation

The National Bank of Ukraine (NBU) is finalizing a new law on currency regulation, which will be spelled out all the highlights. In particular, the NBU intends to abandon the strict administration and cancel individual licenses for foreign currency payments of up to 100 thousand euros. About this in an exclusive interview ZN.UA told the head of the NBU Sergei Arbuzov. "All these questions (on the currency market - Ed.) Are quite clearly spelled out in the new law on currency regulation, which is currently being prepared. We have changed the approach to the law, working hard with its initiator, but in principle already agreed position" - According to Mr. Arbuzov. Recall that at the time this bill proposes revolutionary things, removing most restrictions on the movement of capital as such at all. Mr. Arbuzov confirmed that the National Bank plans to abandon the strict administration. "For example, we are ready to withdraw from individual licensing, setting the maximum amount of movement of capital (up to 100 thousand euros), which required confirmation will only be evidence of tax payment. We had already agreed to this measure," - said the head of the NBU, adding that knob can not yet increase this amount or even more to lift restrictions altogether. "This would free convertibility (UAH, - Ed).. A free conversion under our unsustainable balance of payments - as long as unacceptable. At least until inflation has not come to a lower and stable value, and gradually moving away from intervention, we do not see that the foreign exchange market operates independently. freely, without those fluctuations that scare people. Therefore, I oppose complete conversion, while lobbing very seriously, "- said Arbuzov.