Deputies support liberalization of currency legislation

Individuals and legal entities will be able to carry out foreign exchange transactions without permits, which are still issued by the National Bank. This is provided for in the new bill, which deals with issues of currency regulation and control. The document was adopted in the second reading by the deputies. It focuses on the liberalization of foreign exchange transactions. So, enterprises and organizations will be allowed to buy currency without disclosing the purpose of its use. The National Bank and the Council of Ministers have the right, in case of a threat to economic security, to introduce currency restrictions up to 12 months.