12/ 02/ 2018

If for each of us it is just a matter of convenience, then for retail it is a real problem. Therefore, for a long time, we have been in a dialogue with the National Bank of Ukraine regarding lack of coins of small denominations. And at the end of last year, the NBU has published for discussion a draft Resolution of the Board “On the optimization of the circulation of coins of small denominations”, which proposes to introduce in Ukraine a mechanism for rounding out the total amount of payments in check.

The Retail Committee in general supports the Draft Resolution, but at the same time draws attention to the list of issues that may arise in case of the implementation of this norm as a whole. In order to resolve these issues, it is necessary to involve not only  the National Bank, but also the Ministry of Finance of Ukraine, the State Fiscal Service of Ukraine and the Ministry of Economic Development and Trade of Ukraine.

Last week, a working meeting with the representatives of the abovementioned  departments was held, where it was decided to set up a working group to resolve all inconsistencies.

The Association is grateful to all participants of the meeting for the openness to the dialogue and for the efforts aimed at improving the order of circulation of cash and will continue work in this direction.

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