National Bank plans to cut mandatory sale of foreign currency earnings

The National Bank of Ukraine considers a variant of cutting the mandatory sale of exporters’ foreign currency earnings from 75% to 50%.
Head of the NBU Department for currency operations and analysis of financial markets Serhiy Ponomarenko told reporters about this Wednesday, a Ukrinform correspondent reports.
“Now a question is discussed whether to continue a requirement on the mandatory sale of foreign currency earnings. One of the ideas is lowering the requirement to 50 percent,” Ponomarenko noted.
According to him, the NBU also considers possibility of reduction of the term of settlements on export-import contracts from 90 to 60 days.

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