Parliament ignores proposal to sell 100% of income in foreign currency

14:45, 15.04.2014 1 min read

The Ukrainian parliament garnered only the half of the required number of votes to support the inclusion to the agenda of the session of a proposal to increase the share of obligatory sales of income in foreign currency from 50% to 100%.

An Interfax-Ukraine correspondent has reported that only 113 lawmakers supported the discussion of draft law No. 4686 authored by Mykola Rudkovsky on the necessity to take measures to stabilize the national currency exchange rate.

The document also foresaw the toughening of responsibly of banks for the non-targeted use of refinancing funds and restricting imports of luxury products: furniture, cars, jewelry and other goods for a period of up to three months.

Earlier Rudkovsky said that the said restrictions had been used before in China, Syria and Ecuador.