Bank DNI released the ruble in the "free floating"

From today, the Donetsk Republic has moved to the floating exchange rate of the ruble, reports RIA News the message is given.

“According to the order of the Cabinet, the transition to the floating rate was officially announced from the first of the current year. The proportions of the ratio of the ruble to the hryvnia will depend solely on market relations, "- told in the Ministry of Finance of the Republic.

According to the ministry, "September 3 Ukrainian hryvnia costs 2,9932 ruble, previously the exchange rate was fixed - 2 rubles for 1 hryvnia."

According to the republican bank, the dollar is currently worth 66 rubles, and the euro is 74, 3.

The agency noted that the LC also switched to a floating rate.

Comments

[Vend]

Work economists LDNR. Thinking sit in armchairs. It's good

[The boat]

Quote: Wend

Work economists LDNR. Thinking sit in armchairs. It's good

I would not jump to conclusions. There was no economic breakthrough. These "thinkers" have already introduced multicurrency. Now the hryvnia cash ran out. What is genius?

[Vend]

Quote: Das Boot

Quote: Wend

Work economists LDNR. Thinking sit in armchairs. It's good

I would not jump to conclusions. There was no economic breakthrough. These "thinkers" have already introduced multicurrency. Now the hryvnia cash ran out. What is genius?

Yes, the point is not in economic breakthrough and not in genius, but in the right direction.

[The boat]

Quote: Wend

but in the right direction.

come on. What cash is, that and make a monetary unit. Primitive, not "direction". Provide what are going to?

[Grbear]

The boat

I would not rush to conclusions.

About the "floating" rate - it is said strongly. But it is necessary to establish rules in the ratio of currencies, because the hryvnia did not "leave" the territories, but come as soon as possible. With a "favorable" or fixed exchange rate of the ruble against the hryvnia, ukrofinanceinsty will "flood" the cheap hryvnia, buying up a relatively strong ruble. Given the transparency of the borders and the remaining close ties, currency speculation is still as real. And so, the economy of the junta falls or the "machine" is launched, the hryvnia falls against the ruble. Parity is respected.

I would also launch a trial ball - sell coal for rubles, not hryvnias or dollars. Formal uncertainty of status allows. Very interesting to see.

[VadimSt]

Thinking speak? The savings that people still had for a "rainy day" were "washed away" at a rate of 1: 2 for next to nothing. The payment of salaries and pensions is not fixed to the floating rate - that's what it turns out, you earned a ruble, and you go to the store with 33 kopecks!

[23424636]

the rare ones gathered to chop cabbage for the sorrows of oppressed state employees and pensioners playing in proximity to Ukraine. Sneaky pharmacists raised prices by 50%, referring to the inconsistency of rates. Cuba kept the peso to the dollar .90 for many years and did not die, the USSR had an eternal ruble exchange rate of 90 cents PSH, why, without announcing the indexation of salaries and pensions, Zakhar gave the hucksters to chop cabbage in the air?

[Seriomilander]

Good luck!

[rotmistr60]

“September 3, the Ukrainian hryvnia is 2,9932 ruble, earlier the exchange rate was fixed - 2 ruble for 1 hryvnia "

Still strange. It turns out that with a broken economy and huge debts, the Ukrainian hryvnia is stronger than the ruble. These financial tricks are hard to understand.

[Mountain shooter]

The Ukrainian hryvnia cost 6 rubles / hryvnia until recently! And their salaries are there - atas. 5000 is good. Our partners "hoisted" the ruble, but the hryvnia got much better.

[North]

What are the partners ?. I think this is done artificially, in order to depreciate labor. cheap labor attracts investors from abroad, but does not make life easier for mere mortals. there will be work, there will be a lot of work, but all this work for soldering and no more. Maybe someday it will bear fruit and the soldering will become a little more. in general, another expectation of a brighter future. let’s look at China, everyone is running around with him as he rose and all that, but look at how ordinary Chinese live - their life is very different from life 25 years ago. IMHO

[g1v2]

The point is not to depreciate the workforce. Such a small decrease in the purchasing power of the population does not make our labor force profitable as in the countries of Southeast Asia. The ruble was lowered as one of the main steps of import substitution. Low ruble - a blow to imports and awesome help to our industry.
With an expensive ruble, it is more profitable to buy cheap imports and this will lead to the complete disappearance of domestic production. There is no production - no work - no salary - the population has nothing to buy import over time.
With a cheap ruble, producing houses becomes more profitable than purchasing imports. Accordingly, what was produced abroad begins to be produced with us. There is production - there is work - there is a salary - the population does not go hungry and buys domestic, as it becomes cheaper (import rises). More sales of domestic products - production is growing, salaries too. The dependency is simple.
By the way, for all the numbers and stories of acquaintances in trade and catering (including the elite). In just a year, Russian meat, fish and cheeses began to abruptly supplant imports. There is import, but mainly for assortment. Even in elite restaurants in Moscow, where previously all meat was imported, but they did not know about Russian at all, now almost all meat has become Russian. Was yesterday in okey - the number of domestic products for the year increased sharply. AND ALL OF THIS IS NOT ONLY BECAUSE OF OUR CONTROL SANCTIONS, BUT AND BECAUSE OF THE LOW COURSE OF THE RUBLE - CARRYING IMPORT IS UNAPPORTABLE. Incidentally, I expected much worse, but import substitution is much better than I expected. But we must understand that import substitution is not a complete instant substitution of imported products, as there is still much that we cannot quickly replace or will not. The same household appliances are absolutely not a priority. But rural households, military industrial complex and pharmaceuticals are the main directions of import substitution for this five-year period.

[PQ-18]

TOTALLY AGREE with you!

[North]

1. the owner hires a slave for 30r to make a "biscuit".
2. "biscuit" costs 1E or 40r
3. depreciate P 2 times.

we get
4. the owner hires a slave for 30r to make a "biscuit".
5. "biscuit" costs 1E or 80r
6. deduce from the problem who got worse and who got better. the owner, slave, or those who buy "biscuits" for E. despite the fact that the biscuit is necessary for all three of them for life, and whoever has more biscuits is more prosperous.

[dvina71]

Quote: rotmistr60

Still strange. It turns out that with a broken economy and huge debts, the Ukrainian hryvnia is stronger than the ruble. These financial tricks are hard to understand.

that there is nothing to understand. Firstly, we recall the situation in the mid-90s in Russia. When the dollar exchange rate was stable at an annual inflation rate of 10 percent. Together with the machinations on GKO, in this way the currency left over from the settlements under the law on the joint development of natural resources was withdrawn from Russia. And second .. Now in Russia, it is not economic indicators that affect the exchange rate, but the desire of "investors" will heat up on speculation. The movement of the exchange rate is large due to the good reserves of gold reserves at the Central Bank. Ukraine does not have such reserves, there is nothing to speculate on.

[tweezers]

Quote: rotmistr60

It turns out that with a broken economy and huge debts, the Ukrainian hryvnia is stronger than the ruble

why did you get this? due to the fact that hryvnias per dollar should be paid less than rubles? so these are just numbers ... any country can set its own currency exchange rate as it pleases - at least 1 hryvnia for $ 1000 ... the question is in real purchasing power and real convertibility ...
a simple example - my colleagues, like me, periodically order something on ebay and aliexpress ... however, men from Ukraine and Belarus are forced to open currency accounts in dollars and euros for payment (provided that there is no currency in free sale), but I cry in rubles and do not warm my head ...
here is the real strength and convertibility of currencies ...
as one of my colleagues from Ukraine said - "a deposit in a Swiss bank in hryvnia ?! Better then in lard ..."

[avt]

Quote: rotmistr60

Still strange. It turns out that with a broken economy and huge debts, the Ukrainian hryvnia is stronger than the ruble.

Of course, the measure is artificial. But what do you want to do if there is a shortage of rubles and the same pension accrued in hryvnias and their sizes at the rate of, say, in Russia ??? What will Zakharchenko say to pensioners who received, figuratively speaking, a hundred rubles instead of thousands of hryvnias? After all, there now the Crimean version is really difficult, if not impossible, to carry out. And it’s very difficult for older people to get a nominally lower amount even psychologically, not to mention real purchasing power. So they will have to turn around with the course for quite some time.

[kpd]

And what if "broken-down economy and huge debts"American dollar is stronger than both the ruble and the hryvnia. Doesn't it surprise you?"

[avt]

Quote: kpd

And the fact that with a "broken economy and huge debts" the American dollar is stronger than both the ruble and the hryvnia does not surprise you?

Uhhhh! How everything is running then! You first get acquainted with the Brayton Woods agreement / system and the fact that there is a USA FRS and who and most importantly when it was privatized, at the same time you will find out why the civil war in America began, as a result of which the USA itself was formed, and Abram Lincoln was killed. It is then that an understanding of the processes will come - how is it that some currencies are "strong", moreover, when Nixon declared a natural default - refusal of the "gold denomination" with the exchange of interstate bills for real gold from Fort Knox, and others, even in the presence of natural resources that provide it (not only hydrocarbons), for some reason they call it “wood.” Although the timber that provides it is not cheap.

[theadenter]

Before the denomination in '98, the dollar was worth a thousand rubles.
And by the year 2000, dozens.
But the people did not become richer hundreds of times from this.

[ermolai]

Quote: rotmistr60

These financial tricks are hard to understand.

I have been humbling on this issue for a long time, back in the 2000s, somewhere in Lithuania, there the litur was approximately equal to the Eureka, since then vague suspicions have been sharpening me, the Russian economy, VIZ will be more than any other in the Baltic states, but this is a paradox.

[vovanpain]

Donetsk and Lugansk more and more set sail from the trough of the called Ukraine.

[TUNISIA]

It sounds somehow strange that a bank of a state has "let loose" the currency of a foreign state. The ruble exchange rate is determined by the Central Bank of the Russian Federation. Hryvnia exchange rate - NBU. Bidding between the ruble and the same hryvnia or dollar does not depend in any way on the wishes and decisions of the LPNR authorities.

[The boat]

Quote: TUNISIA

It sounds somehow strange that a bank of a state has "let loose" the currency of a foreign state. The ruble exchange rate is determined by the Central Bank of the Russian Federation. Hryvnia exchange rate - NBU. Bidding between the ruble and the same hryvnia or dollar does not depend in any way on the wishes and decisions of the LPNR authorities.

absolutely agree. All these fantasies and improvisations will not give anything.

[roskot]

The ruble is in free float, and the DPR and LPR are farther from Dill.

[The boat]

Quote: roskot

The ruble is in free float, and the DPR and LPR are farther from Dill.

further, because the hryvnia is over? Well, the rubles will end. Free swimming will quickly depreciate the ruble. If there were cash tugriks, they would switch to a floating tugrik.

[Dan Slav]

"Floating ruble exchange rate" - maybe that's why the ruble is so stormy?
Not only oil and thieves of their own, now also Ukrainian thieves have joined!
Tryndets ruble may be, however!

[siberalt]

If Ulyukaev said that Russia has gone to the bottom, then how is the ruble still floating?

[_Evgeny_]

Before you write something .... understand the question. Do not be an animal.
Before the war, the hryvnia-ruble 1: 4
when entered rubles 1: 2
floating course 1: 3
where are the thieves dear?

[Alexander Romanov]

Quote: Dan Slav

Tryndets ruble may be, however!

Before you write something, sometimes, often, you need to sit and think

[Stas157]

Quote: Mountain Shooter

Our partners "hoisted" the ruble, but the hryvnia got much better.

No partners could plant our ruble. Because, in order to collapse the ruble, it is necessary to sell it, but our partners didn’t have rubles! Our largest banks sold the ruble, exchanging it for a run-down trickle of dollars. The only thing that helped Western partners was to refuse loans. And they had every right to do so! We planted the ruble ourselves, and this is with a normally working economy and a surplus budget! It is necessary to manage! So they did it artificially, since 50% of the budget is oil dollars. That is why Putin, instead of shooting Nabiulina, supported her! But the hryvnia is kept artificially afloat! In any other country with such an economy, there would have been a default long ago!

[fa2998]

Quote: Alexander Romanov

Quote: Dan Slav

Tryndets ruble may be, however!

Before you write something, sometimes, often, you need to sit and think

But I’m thinking that the rubles will end, because the expenses are considerable - the army, civil servants, pensions, benefits, and
the main thing is sheer devastation-what next-will they ask our Central Bank? I think with the order of the "guarantor", they will give it !! And so on to infinity. How can a region receive Russian rubles, which does not pay Russian taxes and duties. So they are with us, how citizens of the Russian Federation, or is it an eternal money vacuum cleaner. Explain A. Romanov.

[g1v2]

Well, pensions and salaries there are not Russian at all, including expenses are acceptable. Are they worth it? I think so. In my opinion, these are investments in our security - a buffer zone and 2 nm corps covering our border (7 motorized rifle and 2 artillery brigades, 5 motorized rifle regiments, not counting individual battalions and territorial defense battalions), which are subordinate to our officers. This is even cheaper than creating additional brigades in the Rostov Region with Russian salaries and supplies. Of course, we don’t need much from industry, although in the same Snezhny they make blades for our helicopter engines, plus some minerals, chemistry, and metallurgy. Well, and most importantly - you need to understand that we are at war, even if our soldiers do not die, but the war is on. War is an expense and it’s better to beat the enemy on its territory than to wait for it to come to ours, and it will certainly come if you give it time to prepare. Yes, we spend money, but save the lives of our citizens.