NBU could permit individuals to invest limited sums abroad
The National Bank of Ukraine (NBU) intends to permit individuals to invest money within a limit outside Ukraine, including trading with financial tools on foreign exchanges and other transactions, Deputy NBU Governor Oleh Churiy has told Interfax-Ukraine.
"We have a project to remove red tape from the process of issuing licenses to individuals. We plan to set an upper limit in the future for investment abroad by individuals. This required the automated system that is to track the observation of the limits. The central bank should not be engaged in this. This [function] will be transferred to commercial banks," he said in a blitz interview with Interfax-Ukraine.
Churiy said that the issue could be settled before the adoption of the bill on foreign currency being drawn up. The publication of the bill is scheduled for the second quarter of 2017.
"I think that we will approve all these measures even before the adoption of the bill on foreign currency," he said.
