Compulsory sale of foreign exchange earnings should have been introduced long ago, financial expert Eric Naiman said during his public seminar, ForUm correspondent reports.

According to the economist, it will make the hryvnia exchange rate fluctuations more stable. "In addition, the corporate sector will not be able to hold the foreign currency as long as it does not go up," the expert said.

He added that the introduction of a tax on the sale of foreign currency will reduce a demand for cash foreign currency by at least 2.5 billion dollar in 2013 that will significantly support the national economy and balance of payments.

According to him, by the end of next year, the dollar is unlikely to exceed 8.6-8.7 UAH per one dollar. 


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