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Ukrainian President Petro Poroshenko has appointed two members of the Council of the National Bank of Ukraine (NBU).
Decree No. 470/2016 was published on the official website of the President of Ukraine.
On September 20, Ukrainian Finance Minister Oleksandr Danyliuk said he expected the transfer of UAH 38 billion of profit of the National Bank of Ukraine to the state budget in the near future in connection with the forthcoming appointment of the members of the NBU Council on the President's quota, which would allow approving the regulator's reporting and transferring funds.
According to the NBU estimates, the transfer of the regulator's profit to the state budget will not have any pressure on the currency market, as it will take place in several tranches and partially offset by the repayment by the Ministry of Finance of the government bonds in the NBU's portfolio and the relevant coupons.
It is noted that the NBU Council has been incapacitated since September 2015, when the mandate of its previous composition ended. Thus, the NBU Council has now seven members and it can start its work.
Read alsoNBU Governor considers "realistic" forex rate of UAH 27.2 to dollar in 2017As UNIAN reported earlier, the National Bank of Ukraine is planning to transfer UAH 38.164 billion of its profits to the state budget of Ukraine in 2016, which is UAH 164 million more than the planned figure for the current year.
According to the law On the National Bank of Ukraine, its financial statements have to be prepared in accordance with international standards and must be approved by the board of the regulator, but the mandate of the former Council Board ended on September 10, 2015.
Committee of the Verkhovna Rada on fiscal policy and banking activity registered in the parliament a draft resolution on dismissal and appointment of the NBU Council members on the parliamentary quota in March 2016.
Read alsoRada adopts in first reading draft State Budget 2017The Committee introduced four candidates to the Council: member of the Editorial Board of VoxUkraine Tymofiy Mylovanov, NBU ex-Deputy Governor Vira Rychakovska, ex-Director of the NBU General Department of Monetary Policy Olena Shcherbakova and Head of the Board of the Association of Ukrainian Banks Stanislav Arzhevitin.