Multi-currency settlement system introduced in LNR

Multi-currency settlement system introduced in the self-proclaimed Lugansk Republic, the proper resolution of the government LNR begins on Sunday. Basic foreign money will remain the Ukrainian hryvnia, but disbursements, and among them the collection of taxes and payment of benefits will be made in Russian rubles, us dollars and euros - as long as Ukraine does not cancel an economic blockade.

"in order to ensure the complete satisfaction of consumer demand, availability of supplies and services for residents, as well as taking into account the lack of hryvnia cash masses, to all entities regardless of ownership, operating within LNR "decision required" to provide the possibility to pay for consumer goods and services using the official currency: Ukrainian hryvnia, Russian ruble, US dollar, Euro.

According to the document, the conversion price will be made at the official exchange rate of hryvnia against other currencies, and commodity Prices and the tariff will be specified in Ukrainian hryvnia.

in November 2014, the head of Ukraine Petro Poroshenko has signed the document, which is called the " decree on economic blockade ": from the territory of Donbass, uncontrollable power structures, out of state institutions, banks and even prison. To continue to receive pensions, pensioners Now have to enter their data within the cognizance of the law enforcement agencies.



After the publication of the document Chapter LNR Igor Carpenter said that the country is moving to a multi-currency system because of the financial blockade." The blockade from Kiev is not only the transport and political, but also financial. The banking system Kiev until does not recover, and the lack of hryvnia mass currently affects more. In order to prevent lowering of all transactions to the level of barter, We have made such a step, " explained Carpenter.

However, he considers it possible that LNR can return to the financial crisis, If Kiev fulfil their financial obligations." This is a forced measure. Due to the fact that Ukraine has a strict blockade appeared uncontrolled situation, When the people of the Republic began to apply the currency, which he was. If Ukraine will perform in Minsk consensus and provide the banking system, will provide hryvnia mass, which it owes to the people of pensions and wages, then this money will be enough To allow you to work in UAH, " said Carpenter.

However, he added that the question of the introduction of its own currency in the breakaway Republic " until not worth it.

for his part, the Minister of Finance LNR Eugene Manuilov said Multi-currency zone will be valid until until is not restored, the banking system." Due to the economic blockade of Donbass entered Kiev, in the Republic created an acute shortage of UAH ", - said the Minister." The Ukrainian hryvnia has fallen far. One of the measures used by the Ukrainian authorities is to reduce cash in the money supply. In Ukraine there is not enough hryvnia. In addition, with the territory of Ukraine, brought not only the Banking system, but also destroyed part of the hryvnia, " he continued.

according to him, in the end, uncontrolled increases the amount of " non-monetary transactions, such as barter and barter, and the population and small businesses are massively used for calculations dollars, euros and rubles.

"Economic and social credit system of the country must adapt to these realities and to ensure the legalization of such operations. The other way just as long as no " - I agree Manuilov.


as the increase in European, American and Russian currency in the hands of the local population welfare payments and tax collection will also be made in these currencies, said the head of the Ministry of Finance.

"what's in the budget will Go. Received in UAH and salary will be in UAH. Received the part in a different currency, We will not convert and will wage issue is not fully in this currency, " said Manuilov on budgetary payments.

Basic foreign money in LNR will remain UAH, said the Minister." Rates (in stores) will be in local currency. In UAH cost, UAH check, but near the cash register will hang exchange rates", he said.

"It will happen as long as long as in Accordance with the Minsk complex of measures in the Republic will not be restored Ukrainian banking system," concluded Manuilov.

The Minister of Finance said that the hryvnia in LNR currently second in the Russian ruble." When there is trade with Ukraine, we need a hryvnia, but since Ukraine has made an economic blockade, and the hryvnia us is not very necessary, " said Manuilov and added that the trade turnover with Russia, on the contrary, increased." We had to travel to the Russian Federation, to purchase goods, to bring, to sell for UAH and change them for rubles ", - told the Minister.

"Citizens are losing at the rate of purchase and sale," said Manuilov and I am sure that this problem disappears After the introduction of the multicurrency system." You can now sell goods directly for the ruble and other currencies, and there is no need to change", said the Minister.


sections: Politics