Ukrainian President Viktor Yanukovych said that a tax on foreign exchange transactions must be agreed with the Ukrainian citizens. Currently, the government and the National Bank actively discuss the need for a 10-15% tax on foreign currency sale. According to the law initiators, funds will be allocated to the Pension Fund.
"We need to take a very careful and informed decision. The views and interests of all parties, the National Bank, banks and individuals, should be taken into account. So far, there is, no consensus on this point," he said.
The introduction of tax should reduce the demand for foreign currency and reduce speculative activities, which put a lot of pressure on the national currency. However, the President noted that the National Bank succeeds in preventing hryvnia devaluation due to the anti-recessionary measures earlier taken by ex-NBU head Serhiy Arbuzov.
"Projected course is a necessary condition for sustainable economic development of the country. I evaluate the actions of the National Bank of Ukraine to retain the stability of the national currency on that basis. - Viktor Yanukovych said. - Despite the attempts of speculative attacks on the hryvnia, efficiency and balance activities of the National Bank allowed to maintain its stability. Recently, the foreign currency buying by population has been practically equal to the volume of its sales, which could not be achieved for many years".
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