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25.09.2017 | 12:10

Ukraine waits for international depositories

The NBU projects and negotiates openning of accounts by international depositories in the NBU's depository

The National bank negotiates possibility to open accounts by international depositories in the depository of the National bank. It was reported by Deputy Finance Minister Yurii Butsa during Ukrainian Financial Forum 2017 hosted by ICU.

"We face infrastructure problems while we are solving many issues. Entering our domestic market is still the challenge for non-residents. They nearly are required to bring an ID of J.P. Morgan head to open an account in local depository institution. There are still questions to tFX control. That are reasons why we are communicating with international depositories, the NBU also has succeed much on the issue, with regards to openning accounts in Ukrainian depositories that will give their clients direct and simple access to our governemnt securities market", he said.

Butsa noted that such experience is widely implemented abroad and it could be introduced in Ukraine to attract investors. 

References in the article: nbu, ndu, depository, account
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