Policy Progress: Draft Law #8152 "On Currency" was Passed by the Parliament in the First Reading

The American Chamber of Commerce in Ukraine welcomes passing of Draft Law #8152 "On Currency" in the first reading by the Verkhovna Rada of Ukraine.

The Draft Law creates the basis for the development of international operations of Ukrainian businesses and solves most problematic issues for the settlement of payments in foreign currency. It is important to note that, if fully adopted, the Draft Law will simplify doing business, will lead to a positive impact on the level of exports, and will contribute to the stable exchange rate.

The Chamber has been actively advocating for currency market liberalization through the constant dialog with the leadership of responsible state authorities and expressing the position of business community regarding the above issues.