REUTERS
Deputy Governor of the National Bank of Ukraine (NBU), Oleh Churiy, believes that the cancellation of 2% pension tax imposed on currency purchase transactions will help reduce the turnover on Ukraine's black market.
"It makes sense to cancel it [pension tax] in order to reduce the turnover on the black market, and this requirement is included in the memorandum with the International Monetary Fund," Churiy said.
Read alsoExperts estimate currency black market in Ukraine at $1 bln per monthAs UNIAN reported earlier, experts estimate that the realistic monthly turnover of the currency black market in Ukraine amounts to about $1 billion, which is higher by 16 times than the official statistics on foreign exchange transactions in the country.