NBU supports tax on currency transactions

A tax on currency transactions is a worldwide practice, supported by the National Bank of Ukraine, chairman of the NBU's Committee for the prevention of dishonest foreign exchange operations Yuriy Horshkov told a press conference, ForUm correspondent reports.

"This tax is a worldwide practice, it is normal modern initiative and we fully support it," he said.
In his view, the introduction of this tax is not return to the past. "There are no restrictions and there is a set of tools for easy exchange transactions. Against the background of panic and statements of pseudo experts, people are worrying about their savings, go and buy the currency and trigger demand for currency. A few days later the panic disappears and the rate decreases. There are several hundred people, who earn on ordinary Ukrainians," the representative of the NBU said.

In addition, he said that there will be a two-month transition period before the introduction of this tax, during which the Ukrainians will be able to decide which part of the savings are to be changed into hryvnia, and what to be left in dollars.