Introduction of the limited sum of cash payments starting from September 1, will contribute to the growth of GDP and reduce the turnover of foreign currency in Ukraine, deputy governor of the National Bank of Ukraine Vira Rychakovska told a briefing, ForUm correspondent reports.

According to her, Ukraine expects economic and social effect from the introduction of this norm. "This is a specific resource for the banking system and lending. Short-term resource, according to our estimates, will give the economy additional 6 billion UAH, and long-term credit policy expects 14 billion," she said.

Rychakovska stressed that such measures will influence the dollarisation of the economy in the range of 0.5%. In addition, the GDP will increase by 0.7% and the volume of foreign currency will decline by 0.5 billion

As a reminder, the decision of the National Bank on establishing a limited sum of cash payments consists of two items, one relating to business, another - the potential buyers of apartments and expensive cars.


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