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 Arbuzov Demands Passing 15% Currency Tax Bill

The Parliament must pass a law on the introduction of 15% Pension Fund commission on sales of foreign currency by individuals.

This was stated by National Bank head Serhiy Arbuzov on ICTV November 25, reports Ukrainian News.

"I insist that this law will protect the interests of the people. First, we will explain so the people can see what are the positive aspects of this law. And when that is done, we will support it," said Arbuzov.

He stressed that the main positive of this document is to introduce measures to prevent speculation in the currency market.

He stressed that the main positive side of this document is introduction of measures to prevent speculation in the currency market.

"The measure was engaged so speculators could not profit on the people who do not fully understand what's going on," said the head of the NBU.

He added that the bill, if passed, will increase revenues to the Pension Fund and lower the level of the economy dollarization.

 
 
 
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