Rada in the first reading supported the simplification of foreign exchange transactions

Rada in the first reading supported the simplification of foreign exchange transactions



Today, 13:28

  • The number of comments


  • The number of views


Surgery want to on the principle “everything is permitted that is not forbidden”.

The Verkhovna Rada in the first reading supported the draft law # 8152 “currency“that is supposed to ensure Ukraine’s transition to a model of currency regulation according to the principle “everything is permitted that is not expressly prohibited by law.”

About it reports UKRINFORM.

For this decision voted 253 deputies. The purpose of the bill is to establish a regime that will provide free foreign currency transactions. The simplification of their conduct should improve the investment climate and attractiveness of Ukraine.

Under the bill, must determine the categorical and terminological apparatus of exchange control, to establish a General mode of conducting currency operations in Ukraine and the details of their implementation as well as operations on trade in currency values, their transfer and transboundary transfer.

See also:

The national Bank made life easier for the Ukrainians, who took loans in foreign currency

The bill also sets rules on licensing of professional activity on provision of services for conducting foreign exchange operations, as well as the features of the currency control. In particular, specify their composition, regulates the rights and responsibilities of these entities. The rules will regulate the exchange of information between the subjects of currency operations, including currency control bodies.

For violation of currency regulation it is planned to impose sanctions. The draft law in detail regulates the rights and obligations of residents and non-residents in the area conduct foreign exchange operations, in particular the obligation to provide the bodies and agents of surveillance documents and information.

Thus, the draft law proposes to abolish the current Decree of the Cabinet of Ministers of Ukraine “About system of currency regulation and currency control” and law of Ukraine “On procedure of settlements in foreign currency” and to amend other legislative acts of Ukraine.

We will remind, legislative changes in the foreign exchange market was prepared by the national Bank. In Parliament it was filed by the President of Ukraine Petro Poroshenko as a matter of urgency. The national Bank stressed that the law will make possible the transition of Ukraine to new – liberal, transparent, and modern models of currency regulation.


  • the Verkhovna Rada
  • the bill
  • currency
  • money

Next post

Saw a bug — Ctrl+Enter

Letter to the editor

© Materials


Leave your comment

Leave your comment

All comments


Editor’s choice