Feedback

Poroshenko signs law on currency

The law provides a platform for a free circulation of capital and currency liberalization making the state closer to the European standards
15:40, 4 July 2018

president.gov.ua

Petro Poroshenko, the President of Ukraine, signed a new law on currency today, on July 4 at the meeting with the business representatives, as 112 Ukraine reports.

“It is a fruit of our joint efforts, a proof of the effectiveness of our joint cooperation, whoever stands against the Verkhovna Rada and beyond it, whoever tries to blackmail, force something in, which would impede the effective operation of the law on currency and currency transactions,” the President stated.

Related: Poroshenko urges Serbia to recognize 1933 Holodomor

The new law is being called “visa-free for capital”. It provides a platform for a free circulation of capital and currency liberalization making the state closer to the European standards.

In particular, the law provides a full cancellation of all the currency restrictions and replaces the procedure of obtaining the permission for executing an operation with an ordinary NBU’s notification on conduction of the operation.

Related: Law "On Currency": Pros and cons of currency liberalization

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more