Ukrainians start to sell foreign currency, Horshkov says

The Pension Fund of Ukraine will annually receive 5-8 billion UAH with the introduction of the tax on sale of foreign currency, head of the National Bank of Ukraine committee for combating unfair currency transactions Yuri Horshkov said during hot line with the readers of the Komsomolskaya Pravda in Ukraine newspaper, ForUm correspondent reports.

"According to preliminary estimates, based on the exchange rate in 2012, this tax will give annual income of 5-8 billion UAH to the pension fund," he said.

According to him, just the message of the possibility of introducing such a tax has already influenced the foreign exchange market of Ukraine. "The volume of foreign currency sale has increased by 50%, and increases by 0.5-1% every day. People sell foreign currency. The reason for that is not their fear, many people have realized that speculators let them down because of panic," Horshkov said. In addition, he noted that it is hryvnia, which shall be considered the payment instrument under the legislation.