REUTERS
The National Bank of Ukraine (NBU) says currency liberalization will be carried out step-by-step, depending on the fulfillment of certain requirements, not to bound with deadlines, according to a posting on the regulator’s Facebook page.
The posting refers to the results of the NBU meeting with experts of the ad hoc group tasked with performing liberalization of forex regulations.
The NBU said the expert group, which was set up in August 2015 to develop a large-scale liberalization concept, had already analyzed the regulatory framework, and was working on developing a forex regulation model based on experience of other countries.
Read alsoNBU decides to ease part of forex restrictionsThe latest findings of the expert group, which includes Executive Director at the Center for Economic Strategy Hlib Vyshlinsky, Executive Director of CASE Ukraine Dmytro Boyarchuk, and Project Manager of EasyBusiness non-profit government consulting organization Artem Rafaelyan, have been presented to the NBU management during the meeting.
It is noted the expert group will continue its work on the concept to liberalize foreign exchange regulations. The next stage will include the development of a road map for implementation of a target model and the establishment of a fundamentally new regulatory framework. All the measures proposed by the expert group will be publicly discussed.