KIEV, Oct. 27 – The National Bank of Ukraine said it plans to toughen its requirements on the transparency of ownership structures of currency exchange offices belonging to non-bank institutions to equalize them with the requirements for bank exchange offices.
"Over the past two years the NBU has not issued any license for currency exchange transactions. This is a very complicated market which could directly influence on the country's financial stability. Recently we saw many infringements liked to the grey or shadow currency market and frauds. We plan to settle some issues on the requirements to these institutions by the end of the year," First Deputy NBU Governor Oleksandr Pysaruk said.
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