LAW OF UKRAINE

of October 19, 2021 No. 1811-IX

About introduction of amendments to some laws of Ukraine of rather single questions of activities of the National Bank of Ukraine

The Verkhovna Rada of Ukraine decides:

I. Make changes to the following laws of Ukraine:

1. In the Law of Ukraine "About the National Bank of Ukraine" (Sheets of the Verkhovna Rada of Ukraine, 1999, No. 29, Art. 238 with subsequent changes):

1) in Article 1:

in part one:

to state determination of the terms "monetary policy", "paying balance" and "special drawing rights (SDR)" in the following edition:

"monetary policy - complex of actions in the field of the currency circulation and the credit aimed at providing price stability by use of instruments of monetary policy";

"paying balance - set of the economic operations performed between residents and nonresidents for certain period of time. In paying balance transactions with goods, services, primary and secondary income, the transactions connected with financial requirements and obligations for other countries of the world are reflected";

"special drawing rights - internationally acknowledged reserve asset created by the IMF on amendment of the existing internationally acknowledged reserve assets";

to exclude determination of the terms "exchange monetarist policies", "discount monetarist policies" and "international standards of professional practice of internal audit";

add taking into account alphabetic procedure with the term of the following content:

"control of carrying out monetary policy - annual estimation of coordination of realization of monetary policy by the National Bank of Ukraine with achievement in the medium term of the inflation purposes determined by the Basic principles of monetary policy taking into account the flowing and predicted economic and financial development of Ukraine and the world for the purpose of accomplishment of the main function by the National Bank of Ukraine";

in part two of the word "goodwill" shall be replaced with words "banking group";

The first and fifth Article 4 to state 2) to part in the following edition:

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