11:22 11.12.2015

Parliamentary speaker signs bill on restructuring currency-pegged credits

2 min read
Parliamentary speaker signs bill on restructuring currency-pegged credits

Parliamentary Speaker Volodymyr Groysman has signed the bill on restructuring currency-pegged credits (No. 1558-1) and on December 9, 2015 he passed the document to the president for signature, according to a posting on the parliament's website.

Earlier Groysman said that the bill should be vetoed.

"It is obvious that the bill should be vetoed, and the new bill should be urgently submitted to the Verkhovna Rada to settle the problem of those people whom it may concern," he said.

Earlier a group of lawmakers withdrew their draft resolution on revoking the voting for the bill.

As reported, the bill on restructuring currency-pegged credits was passed by the parliament on July 2, 2015, and later some lawmakers called on the president to veto it.

The National Bank of Ukraine (NBU) said on July 3 that the adoption of the law on the forced conversion of currency-pegged credits to hryvnias at the exchange rate set at the moment when the credits were issued would do damage to the Ukrainian financial and banking system and it puts under threat welfare of all Ukrainian citizens.

"If all the credits issued to individuals-resident in foreign currency are converted to the hryvnia at the exchange rate of UAH 5.05/$1, the banking system would see losses of around UAH 100 billion," NBU said.

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