National bank of Ukraine supports the initiative of parliamentary committee on finances, providing for introduction of duty to be sent to Pension Fund in the amount of 15% of currency exchange deal.

In particular, deputy NBU head Valery Prokhorenko told the roundtable that this initiative will help to reduce shadow turnover of currency in Ukraine and will enable to reduce illegal incomes from currency exchange operations.

In case of adoption, this initiative will become another incentive to legalize salaries, as it is not a secret that a big part of salaries is paid in foreign currency under the table.

"People should understand that these 15% will go for their pensions," he said and added that similar practice is executed in many countries. The average rate varies from 5 to 20%.

According to Prokhorenko, the given draft bill also specifies circumstances when individuals do not have to pay this duty.


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