Wednesday 24 July 2013

Proposed bill would impose 10% currency exchange charge in Ukraine - Ukraine

Proposed bill would impose 10% currency exchange charge in Ukraine - Ukraine - News - Ukraine Business Online:

"The possibility floated by some Party of Regions members appears nothing more than a bit of gamesmanship with almost zero chance of becoming law

KYIV, July 24, 2013 (UBO) - Members of Ukraine’s parliamentary majority said they are drafting a bill that would impose a 10% charge on foreign currency operations, the RBK-Ukrayina news site reported on July 22, citing an anonymous source.

Alerting its clients via an online communication yesterday, Concorde Capital said the charge is planned for Jan. 1, 2014 and wouldn’t be imposed on deposits and interest income in foreign currencies, repayments of foreign currency loans and remittances."

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