KYIV, Dec 12 – The National Bank of Ukraine (NBU) may for six months extend the requirement for mandatory sale of half of hard currency earnings at a meeting in December, according to polled banking industry experts.
"In 2019, the Ukrainian economy will face a number of internal and external risks: bi-elections and the threat of budget imbalances, significant amounts of payments on foreign debts, prospects for a slowdown in the global economy, negatively affecting the level of demand and prices for Ukrainian export products. Therefore, the review of the requirement to sell 50% of foreign exchange income, and even more - the complete abolition of it, is still premature," Head of Investor Relations at the Credit Dnepr Bank Andriy Prykhodko said.
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