Experts have recognized the “harm” of currency restrictions in Ukraine for economic recovery.

Currency restrictions made sense at the beginning of the war in order to maintain economic stability, but now these restrictions only hold back the development of the economy and the attraction of potential investors, said Ivan Us, a consultant at the National Institute of Economic Research.

“Improving the economic situation requires a return to certain pre-war realities, and, therefore, removing these restrictions. The stability of the economy is there; therefore, these existing restrictions are already too much, as well as the discount rate, which is too high. I think it should continue to be reduced so that it is several percentage points higher than the inflation rate”, the expert noted.

Us also emphasized that authorities should consider expanding opportunities to attract investors and provide them with additional incentives because the risks of investing in a country at war are quite high. In this situation, the presence of currency restrictions only limits potential.