Voices from Russia

Wednesday, 19 August 2015

OFFCIAL LNR Council of Ministers Declares Russian Rouble Main Means of Exchange in the LNR Beginning on 1 September 2015

00 Russian money

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OFFICIAL

A decree of the LNR Council of Ministers establishes that the basic monetary unit in the LNR for all transactions, beginning on 1 September 2015, will be the Russian Rouble.

In order to take measures to stabilise the financial and monetary system, and to ease financial operations in the LNR, since mainly the Russian Rouble is in use and there is a sharp decline in the use of Ukrainian Grivnya, we establish that the basic monetary unit in use in the LNR will be the Russian Rouble. We shall allow the Ukrainian Grivnya, the US Dollar, and the Euro to circulate, in both currency and cashless transactions. Wages to public sector workers, pensions, and other social payments, according to current legislation, will be in Russian Roubles. We will recalculate wage payments to public sector workers, pensions, and other social payments, rates for public utilities and other payments, now determined in Ukrainian Grivnya, in Russian Roubles, using a conversion rate of 2 Roubles per Ukrainian Grivnya. Planning, budgetary, financial and tax reporting forms will also be in Russian Roubles.

All business entities operating in the LNR, regardless of ownership, must allow payment for consumer goods and services using the official monetary units allowed… Russian Rouble, Ukrainian Grivnya, US Dollar, and the Euro, but the prices of goods and rates for services will be in Russian Roubles. The LNR State Bank will provide daily information to economic entities operating in the LNR and to LNR citizens of the official rate of the Russian Rouble against the Ukrainian Grivnya, the US Dollar, and the Euro. Business entities, following established procedure in the field of financial services currency exchange, will provide in their exchange offices the rate of the Russian Rouble to the Ukrainian Grivnya, the US Dollar, and the Euro using (if needed) information signs, stands, and boards to display exchange rates.

The Resolution of the LNR Council of Ministers on 3 March 2015 № 02-04/55/15 “On the order of use of the official currency to implement all kinds of payments in the LNR” and the Resolution of the LNR Council of Ministers on 19 March 2015 № 02-04/64/15 “On using the official currency to pay wages to public sector workers, pensions, and other social benefits in the territory in the LNR”, as well as a number of other regulations amending these two documents, are now invalid.

This Decree shall enter into force on 1 September 2015.

19 August 2015

LITs Lugansk Information Centre

http://lug-info.com/news/one/rossiiskii-rubl-stanet-osnovnoi-denezhnoi-edinitsei-lnr-s-1-sentyabrya-sovmin-5873

Saturday, 20 June 2015

20 June 2015. The Love of Money is the Root of All Evil

00 the root of all evil. 190615

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Friday, 26 December 2014

China to Start Payments with Russia in National Currencies on 29 December

00 Chinese and American money. 26.12.14.jpg-large

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On Friday, the China Foreign Exchange Trade System (CFETS) reported that China would start swaps and forwards between the yuan and the national currencies of Russia, Malaysia, and New Zealand on 29 December. Earlier in December, Chinese Minister of Commerce Gao Hucheng claimed that China could increase the usage of Renminbi in trade with Russia amidst the Rouble’s depreciation, which falls in line with China’s intention to increase the usage of national currencies in international payments in order to weaken the USD’s dominance in global finance and promote payment in Renminbi as an alternative. In October, the Russian Central Bank and the People’s Bank of China reached a three-year agreement on currency swaps worth 150 billion Renminbi (1.23 trillion Roubles. 1.54 trillion INR. 24.09 billion USD. 28 billion CAD. 29.65 billion AUD. 19.74 billion Euros. 15.48 billion UK Pounds). Both Russian and the Chinese leaders repeatedly praised the decision, saying that it’d bring positive effects for the countries’ economies and currencies. The main benefits of mutual payments in national currencies are the absence of charges for the conversion of currencies, direct payments, and higher transparency in relations between the banks.

26 December 2014

Sputnik International

http://sputniknews.com/business/20141226/1016284341.html

See Also:

Sberbank Began Financing Letters of Credit in Chinese Yuan

Tuesday, 23 December 2014

Fr V A Chaplin Presented Economic Proposals for a Crisis-Free Russian Economy

00 Politics. Cash Cow. 02.01.14

Republican Economics 101… the most anti-Christian Ponzi scheme in the world… 

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Today, at a press conference at TASS, Archpriest V A Chaplin, the Chairman of the MP Synodal Department for the Coordination of Church and Society (OVTsO), said that one way to protect the Russian economy would be a new Orthodox financial system, which some financiers are ready to create. He said, “We need to increase the role in the world of mechanisms not based on usury. Otherwise, the financial bubble will inevitably pop, and we’d find that basing ourselves on the principle of ‘money makes money’ led us to catastrophic consequences, or even a major war, which would wipe out all of us”. Nevertheless, Fr Vsevolod said that a group of Russian financiers doped out a specific plan. In particular, this project involves the allocation of funds not as a percentage of future profits of the enterprise, as well as forgoing revenues from producing tobacco and alcohol products, gambling, exploiting illegal migrant labour, and other things not approved by Christianity.

22 December 2014

Yelena Dorofeyeva

Antonina Maga

ITAR-TASS

http://itar-tass.com/ekonomika/1664741

Editor:

You can see why the Republican swine hate Russia. The Church’s economic vision is at utter variance with the Laissez-Faire Economic Anarchy of the GOP. After all, why shouldn’t Anglo Americans profit off “illegal migrant labour?” The true motto of Anglo Americans is “Pecunia non olet”… “Money doesn’t stink”… that is, “Money is good, no matter how one gets it”.

Anglo Americans have no morality… they never did. Ask the Native Americans…

BMD

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