DNR authorities are considering the possibility of introducing a bicurrency system

The authorities of the Donetsk People's Republic are considering a possible retaliatory measure to the decree of the Ukrainian President Petro Poroshenko on the termination of the work of state institutions and banks in the territory of the DPR and the LPR — the transition to the dual currency system — putting the ruble into circulation along with the hryvnia. In their opinion, this will help to deal with the problem of cash deficit.

“We have long said that we will have to introduce a dual-currency system. Unfortunately, we are now dependent on the hryvnia. Now the hryvnia stream can hide behind, and we simply will not have enough cash, ”quotes the words of the Vice-Speaker of the People’s Council of the DPR Denis Pushilin. Utro.ru.

He also noted that the DPR authorities are discussing alternatives to the republic’s financial system after the introduction of Poroshenko’s decrees, and, most likely, “there will be both hryvnia and ruble”. Although Donbass is highly dependent on the hryvnia, the DPR is going to trade with Russia for rubles, which will ensure the receipt of ruble cash in the treasury.

However, the vice-speaker noted that this process is unlikely to be painless.

“In Ukraine, the dependence of the regions on each other was rather high. And now, no region will be able to painlessly become independent from others, ”he stressed.

He also said that the introduction of new sanctions against the DPR and the LPR is “the continuation of Kiev’s war crimes”.

“We see a lot of war crimes, this is a continuation of their series. Non-payment and deprivation of all opportunities, and for the period when we form the system, we organize from scratch. Moreover, Ukraine itself does not pay grants and pensions, it also prevents us from doing so. Humanitarian disaster, we see it there. If it were not for the help that we see from the Russian Federation, then everything would be much sadder, ”noted Pushilin.

Comments

[kelevra]

It’s time to boldly introduce, there’s no time to consider! Soon, frosts will come in New Russia, the circulation of the ruble will make it possible to purchase energy from Russia without any problems!

[klaus16]

Yes, the guys have no other choice. And Putin said here that Novorossia would not be offended. Everything is fine, move on. Slowly, but the victory is ours.

[a52333]

How does the Fed branch react to the issue for New Russia? I mean the CBR?

[SRC P-15]

Quote: a52333

How does the Fed branch react to the issue for New Russia? I mean the CBR?

Is this emission necessary? Our Central Bank has now accumulated a huge amount of rubles by selling dollars, maybe they should be sent to Novorossiya? I’m already thinking about it, wasn’t that why they let the ruble go “free float”?

[atalef]

Quote: СРЦ П-15

But is this issue necessary? Our Central Bank has now accumulated a huge amount of rubles, selling dollars, maybe they should be sent to New Russia?

What do you think will happen when additional money is put into circulation?
So a simple economic question

[atalef]

Quote: СРЦ П-15

But is this issue necessary? Our Central Bank has now accumulated a huge amount of rubles, selling dollars, maybe they should be sent to New Russia?

What do you think will happen when additional money is put into circulation?
So a simple economic question

[atalef]

Quote: a52333

How does the Fed branch react to the issue for New Russia? I mean the CBR?

the most important thing is how you feel about it.
.to. taking on the balance of 4.5 million people, with the war and, accordingly, a bottomless pit of expenses - will add 3-5% more to inflation, and the dollar will continue its bold ascent.

[SRC P-15]

Quote: atalef

What do you think will happen when additional money is put into circulation?

What additional amounts are you talking about? This money will be circulated in New Russia.

Quote: atalef

the most important thing is how you feel about it.
.to. taking on the balance of 4.5 million people, with the war and, accordingly, a bottomless pit of expenses - will add 3-5% more to inflation, and the dollar will continue its bold ascent.

The Russian people, unlike you, will treat this with understanding. Well, at the expense of inflation and a bottomless pit, this is a debatable question: if the factories and mines of Donetsk earn money, then in the end they will start to make a profit, respectively - they will have their own money. Yes, at first it will be tight, but over time, I think, everything will be resolved for the better.
I didn’t put a minus for you, it’s not in my principles.

[atalef]

Quote: СРЦ П-15

What additional amounts are you talking about? This money will be circulated in New Russia.

And what about the rubles rotating in New Russia will have a different color and will not be accepted on the territory of Russia?

Quote: СРЦ П-15

The Russian people, unlike you, will treat this with understanding.

Of course, I'm not saying no.
To be honest, to a light bulb, who will contain Novorossia (although in general there are not many options, or rather he is the only one), this will in no way affect my standard of living

Quote: СРЦ П-15

Well, at the expense of inflation and a bottomless pit, here is a moot point

Controversial? You laughed

Quote: СРЦ П-15

: if the factories and mines of Donetsk work, they will eventually start to make a profit

Laugh again.
To do this, their products must at least be manufactured. sell and take out.

Quote: СРЦ П-15

Yes, at first it will be tight, but over time, I think, everything will be resolved for the better

Of course, everything can be, but the prerequisites for this are not even zero, but with a minus sign.

[SRC P-15]

Quote: atalef

And what about the rubles rotating in New Russia will have a different color and will not be accepted on the territory of Russia?

They will be accepted, but before they get to Russia, they must work in New Russia.
As an example: ours will buy coal from them for rubles, for these rubles the residents of New Russia will buy food, firewood, all the same coal, etc. etc. So where will this money go more?

Quote: atalef

Controversial? You laughed

As they say: the one who laughs last laughs well. That oil will increase in price, then we'll talk.

Quote: atalef

To do this, their products must at least be manufactured. sell and take out.

If even now, during the hostilities, some mines produce and ship coal - in advance, without money, then for the money, they will produce and sell and export the coal.

Quote: atalef

Of course, everything can be, but the prerequisites for this are not even zero, but with a minus sign.

Wait and see! The same was said about Crimea, but everything is slowly getting better there.
I apologize, but I need to run to work, I'll be back in the evening.

[atalef]

Quote: СРЦ П-15

As an example: ours will buy coal from them for rubles, for these rubles the residents of New Russia will buy food, firewood, all the same coal, etc. etc. So where will this money go more?

In a single ruble space, they will turn around, and it’s interesting to work about it. Tell it to the war-paralyzed economy, but what about state employees and pensioners — what will they produce for rubles?
Who will pay for health care, unemployment, disability, maternity and child care, pensions, police, fire, etc., etc.? Or leave them without money?
Or will they have to give the same piece of coal to the mountain?

Quote: СРЦ П-15

As they say: the one who laughs last laughs well. That oil will increase in price, then we'll talk.

Well, yes, for now, we’ll laugh at the oil and gas companies that said that oil will never fall in price and those who said that with oil cheaper than 80 bucks, the world economy will fall apart

Quote: СРЦ П-15

, some mines produce and ship coal - in advance, without money,

So continue - no money

Quote: СРЦ П-15

then it’s for money that they will produce and sell and export

how simple it is for you.
Especially in terms of the exit of Novorossia at least to self-sufficiency

Quote: СРЦ П-15

Wait and see! The same was said about Crimea, but everything is slowly getting better

Have you been to Crimea?

[SRC P-15]

Quote: atalef

But what about state employees and pensioners - what will they produce for rubles?
Who will pay for health care, unemployment, disability, maternity and child care, pensions, police, fire, etc., etc.?

State employees and pensioners for rubles will increase consumer demand - respectively, industry and agriculture will be forced to increase output, and therefore tax payments to the republican budget will increase. And already from the budget money will come for health care, police, pensions, etc.
Yes, I’m explaining this to you. You know everything perfectly well without me, but you don’t want to admit that I am right.

Quote: atalef

Well, yes, but for now we’ll laugh at the oil and gas companies that said that oil will never fall in price

Well, you will not deny that the price of oil will eventually rise?

Quote: atalef

So continue - no money

Don’t worry, Russia will not leave Novorossia without money, we will not refuse them in this!
And there will be New Russia on self-sufficiency, but not immediately, but there will be, not all it will feed Kiev and the oligarchs.

Quote: atalef

Have you been to Crimea?

What for? I have enough reviews about the life there, on the Internet.

[CONTROL]

And you do not find. that a drop in oil prices is just a collusion between the Saudis and the Russian Federation? In order to bring down the dollar? ... he lowered prices - and then he raised it! ...
Asymmetrically, so to speak ... in response to sanctions ...

[atalef]

Quote: CONTROL

And you do not find. that a drop in oil prices is just a collusion between the Saudis and the Russian Federation?

u how interesting?

Quote: CONTROL

In order to collapse the dollar? ...

Well, and as a result?
Like they wanted the best, but it turned out as always

Quote: CONTROL

lowered the prices - and then he raised it! ...

Well this is not a member that took and kaaaak raised

Quote: CONTROL

Asymmetrically, so to speak ... in response to sanctions ...

Well, noticeable asymmetry
They are sanctions to us, and we will depreciate the ruble by 40%

[Giant thought]

It is necessary to chat with less language, but to do something concrete, so that the people feel that the authorities care about him.

[Giant thought]

It is necessary to chat with less language, but to do something concrete, so that the people feel that the authorities care about him.

[ya.seliwerstov2013]

Here Russia isn’t napping! We can help with everything we can! As Putin said, they cut off these territories with their own hand!

[Момент]

As Brezhnev LI said "you are going the right way, comrades"

[nvv]

.........................

[avt]

If they can lay the banking system in rubles, this will be for them a very, very strong step towards a real revival of the whole administrative system. Along with the establishment of a sound legal order, it is like creating a circulatory system and filling the system of the state mechanism for its functioning. It is high time !!!

[nvv]

The video above. The scheme RUBL-South Ossetia-Bank "Russia" It is quite plausible.

Quote: avt

If they can lay the banking system in rubles

[atalef]

Quote: avt

If they can lay the banking system in rubles

They cannot and cannot in Novorossia pawn anything, the region is outright bankrupt, and even more so in the realities of the war.
Its accession to the ruble zone (which is simply not realistic both because of the fact that Russia did not recognize these territories and the authorities in them (I dare remind Russia did not recognize the elections), and landing on the neck of a Russian taxpayer in the region is heavier than Chechnya.

[avt]

Quote: atalef

, the region is open bankrupt,

Nevertheless, this bankrupt is still driving the finished pipe, and on the other hand, metallurgy works quite well for itself in the region as well - nothing at all, but the longer there is, the less chance there will be of it.

Quote: atalef

Its accession to the ruble zone (which is simply not realistic both because of the fact that Russia did not recognize these territories and the authorities in them (I dare to remind Russia that the elections did not recognize the same),

I still beg! Where is the ruble, and where is the "recognition." those who claim power, or others will come. To hold on to power by running with one machine gun! ?? Not - "the rifle gives rise to power", but "you can do everything with bayonets, but you cannot sit on them." So the introduction of two monetary units and the subsequent displacement of the hryvnia is a technical matter and not so abstruse.

[Finches]

I am not an economist, but I guess that's right!

[Dave36]

Yes, they have no choice ... they just call it politically correct ...

[sm00vik]

After Crimea, we should have left unmeasured Ukrainian cash. Why can't it be thrown along with the ruble?

[Artful73]

In the current situation, an increase in demand for the ruble is good. However, the authorities of New Russia should have a clear understanding that the transition to the ruble is a step that moves them away from their own sovereignty. Since without his own money it is impossible. In my opinion, to position oneself as a sovereign state, in this situation the most correct and short way to international recognition. Otherwise, there will again be talks about annexation, anschluss, etc., and this will further escalate so a heated conflict with Europe.

[atalef]

Quote: Artful73

In the current situation, the increase in demand for the ruble, is good

what demand? Rubles will go there for nothing. increasing the money supply (ruble) and, accordingly, inflation. Which will lead to a further increase in the Central Bank rate and the fall of the ruble.

Quote: Artful73

that the transition to the ruble is a step alienating them from their own sovereignty

Sovereignty? Or complete dependence on Russia?

Quote: Artful73

In my opinion, to position oneself as a sovereign state, in this situation the most correct and short way to international recognition.

They will never be recognized
Russia including

[Grbear]

The leadership of Novorossiya continues, to put it mildly, "sluggish" policy.

Money should have been thought about immediately after the outbreak of hostilities, when it became clear that there would be no peace. And the money should be yours. "Curved-oblique", but their own! since Russian rubles are the money of a foreign state, which does not take into account the new formation in the amount of money supply in circulation. Immediately shoot counterfeiters.

Further. Conversion issues. No one will pay in cash for Donbass coal. Nothing else to offer. Convert hryvnia to rubles at the dollar rate? It would be interesting to see. And the physical depreciation of the banknote-hryvnia and its withdrawal from circulation. And what in return?

And the third.
The official attitude of the Russian Federation to the proposal on the introduction of the Ruble in the territory of a sovereign state (de jure) has not yet been heard anywhere. I believe that it will not exist until the republics are recognized. Then what is it about?

In general, the policy of the DPR and LPR boils down to "undercover" fuss (a social-oligarchic state?) And "crawling" into the RF budget without specific obligations. Does this provoke thought? No, not in helping the population or Mozgovoy. Thinking about what kind of state they want to build. IMHO.

[Iskander Khan]

Which one? Part of Russia. Southwest. The same as now Crimea. Maybe not today, but let Belarusians play independence. She already got us. I want to become part of a big power, and not a small misunderstanding.

[Artful73]

I understand and share your desire for a just reunification of the Russian peoples. But foreign policy exists regardless of our desires and emotions. And our political leadership is obliged to "play" with it. And this must be done competently. To stand courageously under the sanctions is good. But to defend all your interests and avoid sanctions, you must agree it is even better.

[Oldwiser]

I am afraid that from NovoRussia these "figures" are forming a "black" financial hole for "assimilation" of aid and such a large "financial laundry" - like Transnistria, Abkhazia and South Ossetia.

[atalef]

Quote: GrBear

And the money should be yours. "Curved-oblique", but their own!

Do you think you printed pieces of paper and they immediately became money?

Quote: GrBear

Further. Conversion Issues

What kind of conversion? You laughed. The ruble is partially convertible, the yuan is not convertible, but have you gathered to convert the Novorossky pieces of paper?

Quote: GrBear

No one will pay for coal in Donbass in cash

No one will pay for it at all (except Ukraine)
for a simple reason
1. In Russia, the cost of coal is cheaper than chnm in the Donbass
2. You can’t chase him abroad, because a priori no one will buy it because of sanctions, but the forced purchase of Donetsk coal by Russian enterprises will reduce demand for Russian coal, which will lead to the closure of Russian mines
How do you like this development?

Quote: GrBear

The official attitude of the Russian Federation to the proposal on the introduction of the Ruble in the territory of a sovereign state (de jure) has not yet been heard anywhere. I believe that it will not exist until the republics are recognized. Then what is it about?

Here I am about that - nothing to talk about

[avt]

Quote: atalef

th, yuan - not convertible

There is no need for songs - there is quite an almost Soviet monetary system with different yuan, including foreign currency. By the way - the Reichsdollar is also different - the one that is drawn abroad - the Volksdollar, NEVER walks around the USA - is instantly withdrawn from the bank circulation and sent to various natives, whose economists simply pray for it. We have it, the Gaidarovs' Witnesses, who worship Volksdollar as an image, , Holy Investments "

[your1970]

maybe .. in the world there are not very many countries with official currency - the currency of another country (El Salvador, Ecuador, Zimbabwe) and something crazy prosperity is not visible there

[atalef]

Quote: your1970

maybe .. in the world there are not very many countries with official currency - the currency of another country (El Salvador, Ecuador, Zimbabwe)

Whose currency is in Zimbabwe?
And in Ecuador? And why (even taking into account the US dollar) should they live better? How much they earn, on so much they live.
Only here they have inflation - as in the United States, and this is not enough

[Artful73]

Quote: sm00vik

After Crimea, we should have left unmeasured Ukrainian cash. Why can't it be thrown along with the ruble?

Stuffing is not our method.

[23424636]

open dining rooms and feed people; enter cards for basic products for pensioners and the poor; if there is no pension for 4 months, read out utility bills from unpaid savings.

[atalef]

Quote: 23424636

open dining rooms and feed people

But do you need money for this?

Quote: 23424636

if there is no pension for 4 months, read out utility bills from unpaid savings.

And what is unpaid savings and who should pay them?

[Alcoholic]

It's time.

[Cristall]

Yes, the hryvnia of Crimea has long been used for settlements with suppliers from Ukraine (I recall that everything comes from Ukraine)
And in any case, the exchange hryvnia to rubles at the time of transition only strengthened the hryvnia (then it generally cost 8 to 1 against the dollar)
Hryvnia jumps now 16 then again grew by 30-40 kopecks. 15 60.
However, other courses in the country where the war is ...
As for the introduction of the ruble in the DPR ... I think that the Russian Federation is generally unprofitable.
Yes, it’s unprofitable for the DPR itself .. all settlements in hryvnias. Face so many hemorrhoids ..
While the existence of the DPR and LPR is obscure. The idea crashed in the rest of Ukraine, the point is only in the struggle, there are no plans for recognition except the struggle.
Or is fighting the whole point?

[Alexander I]

You have to tell yourself once and for all. We are an independent state and take handouts from the fascist authorities to consider it a shame for ourselves. To wage the struggle until complete victory and liberation from the fascists by the pile of the motherland. This is your great responsibility to the people of New Russia.

[Don Cesar]

yes ... after reading all the comments it is very difficult to draw the right conclusion