Ukrainian central bank proposes abolition of forex restrictions

Central Bank of Ukraine

Ukraine's central bank has presented a wide-ranging plan for further liberalising the country's foreign exchange regime, it said today (December 1), in effect abolishing all restrictions.

The National Bank of Ukraine's (NBU) plan includes a draft law, which it wants parliament to pass, and a road map for the implementation of the new regime. It also calls on parliament to pass a law tightening restrictions on registering assets overseas for tax avoidance purposes.

There would be three stages to

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