President of the Ukrainian Analytical Center Oleksandr Okhrymenko believes that the norm, obliging foreign investors to settle accounts in UAH in Ukraine, will not scare them.
"In principle, nothing will change, we simply reinforce existing situation, as investors mostly pay in local currency. The only exceptions are the cases, in which the calculations have been made not on the territory of Ukraine and abroad. That is an innovation will not scare anyone, everything will remain as it has been before," the expert says.
At the same time, he noted that the rule, obliging foreign investors to pay in local currency in Ukraine, meets international practice.
"International experience declares that investor shall settle accounts in the currency of the country, where he stays. This is the classic approach, we do not invent the wheel," Okhrymenko says.
He stressed that this innovation is aimed at further de-dollarization of the economy.
"This decision, as well as permission to the EBRD to lend in hryvnia, testifies to the fact that the government continues its policy of strengthening the role of the national currency and the de-dollarization of the economy," he said.
As reported, in accordance with the economy revitalization program for 2013-2014, the Cabinet intends to oblige investors to carry out calculations for investment operations in Ukraine only in local currency.
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