The self-proclaimed head of the Donetsk national Republic Alexander Zakharchenko has promised to punish speculation and rising prices, for running the merchants under the pretext of transition to a floating exchange rate, " according to the laws of war."
Thursday Donetsk Republic switched to a floating exchange rate, first course in DND was rigidly fixed against the Ukrainian hryvnia in the ratio of 2 rubles for one hryvnia.
"by the end of August, the number of the ruble money supply in the financial market DNR is over 90%. With 80% of products on the market DNR, is imported from the Russian Federation or produced within the country. The cost of these items and the hryvnia is not related in any way. The conversion price of the Russian ruble objects To reflect the new rate is not economically justified, will be regarded as speculation and combated appropriately and according to the laws of war ", - reported in circulation Zakharchenko.
He added, because it's relative and products imported From Ukraine. According to his statement, the final Price of these items are already defined based on market exchange rate and re-Scaling " is also speculation and also will result in the most severe way ".
According to the head of the DNR, " no doubt, there will be a certain transition period, during which we will strengthen supervision over the pricing will be attempts by dishonest entrepreneurs to cash in at the expense of the residents of the DNR, which we shut off ".
After a relative stabilization of the market will be added to the indexation of salaries, pensions and other payments in Accordance With market realities, said Zakharchenko.
"From the very beginning of the transition period, during which the hryvnia to ruble in DND will be fixed at 1: 2. This period was necessary to ensure that the Republic has accumulated a sufficient number of the ruble money supply, and our business was able to successfully re-Orient its manufacturing and business interests in the direction of the Russian Federation. This policy has enabled us in relation to cope safely With the most severe consequences of the economic blockade, organized by the Kiev authorities, " He explained.
"Preventing the inevitable panic, I Wish to say at once - this measure is absolutely logical, predictable, and no negative consequences for the Residents it does not involve DNR ", - says the head of the DND.