Central all-Republic Bank will Set Price of Goods Imported from the Ukraine for Sale in DNR Markets

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Today, Vladimir Nekrasov, Acting Chief Inspector for Supervision of Pricing under the DNR Ministry of Economic Development, told us:

Enterprises that import goods from the Ukraine should execute all relevant customs documents in Roubles. When they set their prices, they should tie them to the exchange rate for the day set by the DNR Central all-Republic Bank (TsRB). Today’s exchange rate set by the TsRB is 3.0594 Grivnya to 1 Russian Rouble. The price of goods imported into the DNR before 1 September should remain unchanged, that is, at a rate of one Grivnya to one Rouble.

5 September 2015

DAN Donetsk News Agency

http://dan-news.info/ekonomika/cena-zavozimyx-s-ukrainy-tovarov-na-rynkax-dnr-budet-opredelyatsya-kursom-centrobanka.html

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DNR Ministry of Finance sez Rouble Sole Accounting Currency

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DNR Finance Minister Yekaterina Matyushchenko stated that prices, tariffs, and budgetary payments in the DNR would be base-priced in Roubles, according to a DNR Council of Ministers decision, which came into force on 1 September, saying:

The sole approved accounting unit is the Russian Rouble. The Rouble is the sole mandatory exchange unit for calculating prices, tariffs, and payments from the budget. The share of the Rouble in DNR transactions now stands at 92 percent and the Grivnya at 8 percent.

The decree “On introducing amendments to the Resolution of the Council of Ministers on 18 March 2015 № 4-11 ’On the order of use of currencies in the DNR’” ordered a transition from a fixed 2:1 Rouble/Grivnya exchange rate to a floating rate. The DNR authorities introduced a multi-currency régime to counteract the Kiev junta blockade, to stabilise the economic situation. According to DNR Chairman of the Government A V Zakharchenko, “We needed to do this, to transition the financial market to a multi-currency system”.

 3 September 2015

DAN Donetsk News Agency

http://dan-news.info/ekonomika/rubl-utverzhden-v-kachestve-edinoj-uchetnoj-valyuty-dnr-minfin.html

OFFICIAL No Price Increases in LNR Due to Transition to Rouble as Main Currency on 1 September

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OFFICIAL

Today, Chairman of the LNR Government I V Plotnitsky noted at a news conference:

There won’t be any price increases in the Republic on 1 September after we transition to the Rouble as our main currency; it isn’t going to happen. Prices won’t go up; there won’t be any rise in any prices. The LNR government discussed aspects of the transition to the Rouble in terms of government payments, but this wouldn’t affect the level of consumer prices. Nothing will go up in price.

Earlier, Chairman Plotnitsky refuted internet and Ukrainian media allegations about a supposed return to the Ukrainian Grivnya as the basic currency unit in the LNR.  He urged people not to believe “internet fables” and to verify all reports against information published in official LNR media. Ukrainian social networks and a number of media outlets also claimed that the LNR Council of Ministers of the allegedly cancelled the decree making the Russian Rouble the basic currency in the Republic as of 1 September 2015. The fabricators of the fraud even cooked up a false text of a “resolution”, but it turned out it wasn’t very believable. Commenting on this forged decree, LNR Minister of Finance Yevgeni Manuilov noted that Kiev realised that it’s losing the economic war against the Republic, so, it intensified its posting of frankly false information and crudely constructs forgeries.

31 August 2015

LITs Lugansk Information Centre

http://lug-info.com/news/one/podorozhaniya-v-respublike-posle-1-sentyabrya-ne-budet-plotnitskii-6220

DNR Ministry of Finance sez 92 Percent of Money in Circulation is Russian Roubles

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Today, DNR Minister of Finance Yekaterina Matyushcenko told us, “After an audit of purchase volume and the amount of currency in circulation, it’s clear that 92 percent of the currency in circulation is Russian roubles, and only 8 percent is Ukrainian grivnya. Besides the rouble and grivnya, the DNR allows the use of the Euro and USD as legal tender. All cash and cashless payments will be in these currencies”.

27 August 2015

DAN Donetsk News Agency

http://dan-news.info/ekonomika/obem-rublya-v-denezhnom-oborote-dnr-dostig-92-minfin.html