KYIV, Feb 14 – The National Bank of Ukraine (NBU) promises to move towards further currency liberalization, avoiding individual decisions, but at the same time asks businesses to return FX earnings on time and in full and avoid fictitious import schemes, NBU governor Andriy Pyshnyy said.
"Unreturned export earnings have almost doubled during the war. It is a problem and we need to talk about it. In the same way, we are running after schemes associated with fictitious imports, which are bleeding our gold and FX reserves," he said at a Global Outlook event in Kyiv on Wednesday, which the European Business Association traditionally holds every six months.
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