Sunday, April 19, 2015

Yatsenyuk declared readiness of Kiev to restore the banking sector in the DNI and LC – Sight

Kiev is ready to restore the banking sector in Donetsk and Lugansk, Prime Minister of Ukraine Yatsenyuk.

«We are ready to restore the banking sector in Donetsk and Lugansk,” – said Yatsenyuk , quoted by RIA “Novosti».

March 21 People’s Republic of Donetsk authorities ordered all entities of the country to accept, in addition to the hryvnia, dollars, rubles and euro.

March 15 Lugansk People’s Republic has introduced a multi-currency settlement system, which will be made in Ukrainian hryvnias, Russian rubles, US dollars and euros.

Multicurrency financial system of the state, as a rule, do not use. Disadvantage of this system not only in the loss of monetary independence, but also in the fact that it is much more difficult to control the stability of the foot traffic and prevent counterfeit cash

However, DNR and LC were in such an exceptional situation where they do not left with no choice but to solve the financial problems this way. Emission controls hryvnia National Bank of Ukraine and its own “printing press” New Russia have not. Therefore, the introduction into circulation of world currencies, and even against the backdrop of war, can really help DNR and LC.

Note that in mid-November last year, Kiev officially took responsibility for civilians caught up in the “zone of ATO “Presidential decrees ordered the evacuation of all state institutions and discontinue service bank accounts.

In December, the Kiev authorities have stopped budget payments, banking and passenger transport by rail to the outside their control of the Donbass. It was reported that after the decision of the National Bank of Ukraine of blocking the payment systems in supermarkets Donetsk was stopped accepting credit card payments.

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