The Rada approved Thursday a wide ranging currency law that represents a free market turn from the current 1993 law. “Everything that is not directly prohibited is permitted” is the guiding slogan of the new law. That said, adoption of implementing rules is so complex that the law will only go into effect in January. And with a close eye on the exchange rate, the National Bank of Ukraine retains key tools for control.
The Rada approved Thursday a wide ranging currency law that represents a free market turn from the current 1993 law.
