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Yushchenko Charges NBU With FX Market Liberalization

Yushchenko Charges NBU With FX Market Liberalization

12 August 2008

President Viktor Yushchenko ordered the National Bank of Ukraine (NBU), in coordination with the government and Finance Ministry, to initiate changes to liberalize the currency exchange market. Certain restrictions on currency operations must be removed and enterprises must be given more freedom to make use of currency and securities, according to Yushchenko. Also, he charged the Head of the NBU to take measures to prevent higher inflation and restrict barriers on capital exports/imports and investments.

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