SugoniakoAlexander, an expert on banking commented to Censor.NET onlegislative initiative of Regions' Yevhen Sigal, who proposes toban the public against foreign currency deposits are charge 25% taxon interest rates on deposits.
"The paradox is that Ukraine is supposed to haveone currency - the hryvnia. And the currency would have to fulfillall five functions of money. One of them is savings. People aresupposed to have been keeping money in the local currency but theydo it in dollars. Meanwhile, regional deputies with their specificway of thinking, instead of working on the issue of improving thequality of our currency in terms of how it fulfills the function ofsavings, rather than to make people richer, the country richer -they think of how to take everything away. Of course, they think ifpeople sell 22 billion of their foreign exchange savings and themoney will be somewhere near the National Bank, it will be quitegood. But they have already flushed 11 billion of foreign exchangereserves down the drain," says Sugoniako.
In respect to taxes on interest rates ondeposits, Sugoniako did not approved under the currentenvironment:
"Let's take 400 billion of deposits. The averagerate on 10% of them - that is 40 billion. Fourth of that amount - $10 billion. Well, yes, take it to the budget cut and used in thecampaign. Rather than work to improve wages and make peoplericher."