The Rada approved Thursday in the first reading “On Currency,” the biggest foreign exchange liberalization in a generation.

Friday, May 18, 2018
The Rada approved Thursday in the first reading “On Currency,” the biggest foreign exchange liberalization in a generation.

“The law will move Ukraine’s foreign exchange regulation from a position of ‘if it’s not expressly allowed, it’s forbidden’ to ‘if it’s not expressly forbidden, it’s allowed,’ Yakiv Smolii, governor of the National Bank of Ukraine, wrote Wednesday in CNBC.com. Confident of approval of this presidential bill, Smolii wrote “liberalization of our arcane foreign exchange controls will make Ukraine a much more investor-friendly place.”

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