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Number of legal currency exchange outlets in Ukraine grew 1.5 times in Jan-June - NBU

Number of legal currency exchange outlets in Ukraine grew 1.5 times in Jan-June - NBUThe number of structural divisions of non-bank financial institutions with currency exchange licenses issued by the National Bank of Ukraine (NBU) grew by 1.5 times in January-June 2016, to 2,960.

The central bank said on its website that as of January 1, 2016, their number was 1,988, and it was 70% up year-over-year.
"We do not control illegal currency exchange outlets, but we back the development of legal outlets and toughen supervision over their operations," Deputy NBU Governor Kateryna Rozhkova said.

Read also: Ukraine's forex reserves grew by 3.3% over last month

She said that NBU supports revoking 2% fee collected to the Pension Fund from currency exchange transactions.

As of July 6, 2016, currency exchange licenses were issued to 27 non-bank financial institutions, including 12 licenses in 2016.
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