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Verkhovna Rada intends to revoke fee for currency purchase

Verkhovna Rada intends to revoke fee for currency purchaseOn the November 1, in the evening session the deputies adopted the bill number 4741 which will help to reduce gray market of foreign exchange transactions.

The document proposes to cancel the fee for the purchase of foreign currency in cash and amend other legislative provisions relating to its payment.

Also the bill proposes this fee revenue from the general fund of the State budget and to abolish the mandatory presentation of an identity document during the operations of foreign exchange .
Thus, the changes will affect the Budget Code, namely, the laws “About the duty on obligatory state pension insurance” and “About the application of payment transactions recorders in trade, catering and services”.