KIEV, Nov. 21 – Former Finance Minister Viktor Pynzenyk, who won a seat in Parliament on the election list of Vitali Klitschko's UDAR Party, has criticized the policy of the National Bank of Ukraine and said it could result in serious shocks for the foreign exchange market and a deep devaluation of the national currency.
"We see absolutely unprofessional decisions, in particular, the limitation of the term of the return currency earnings and the mandatory sale of currency. I never thought that a 15% tax on currency exchange could be introduced. It could happen tomorrow. Then there will be another decision - a state monopoly on currency, and the exchange rate will be set at ten kopecks per dollar," he said on TVi channel.
Pynzenyk also said, while commenting on a bill introducing a tax on the sale of foreign currency, that this decision would oblige the currency market to go into the shadows.
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