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Russia rouble may become Transnistria's second currency

February 17, 2012, 14:13 UTC+3
Transnistria strengthens its mutual relationship with Russia, following the eastern vector of development
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TIRASPOL, February 17 (Itar-Tass) — The Russian rouble can soon become Transnistria’s second currency, President of the unrecognised republic Yevgeny Shevchuk said in an interview with the local media.

“It is planned to consider the possibility of free circulation of the Russian rouble on the territory of Transnistria as a hard currency to simplify the settlements with the economic agents of the Customs Union,” he said on February 15. “This is very advantageous when there is a single base currency, which allows to save on exchange. I think in the near future the Russian rouble will have a parallel circulation with the Transnistrian ruble. There are similar examples in the world,” Shevchuk said.

He added that the new leadership of Transnistria will be making such economic decisions that will be beneficial, useful and understandable to everyone.

Transnistria is a breakaway territory located mostly on a strip of land between the Dniester River and the eastern Moldovan border next to Ukraine. Since its declaration of independence in 1990, and especially after the War of Transnistria in 1992, it is governed as the Pridnestrovian Moldavian Republic (PMR, also known as Pridnestrovie), an unrecognised state, which claims the territory to the east of the river Dniester, the city of Bender and its surrounding localities located on the west bank. The Republic of Moldova does not recognise the secession and considers territories controlled by the PMR to be part of Moldova’s autonomous region of Stinga Nistrului (Left Bank of the Dniester).

“Transnistria strengthens its mutual relationship with Russia, following the eastern vector of development. In the legislation sphere there is the concept of adaptation of Transnistrian and Russian basic legislative acts in the field of economic and civil rights for creating favourable conditions for investment in our economy. I must admit that first of all, we would like to see here Russian investors with clear-cut plans and significant resources. We need to create as many jobs as possible,” Shevchuk said. He said that the new leadership of the republic intends to intensify economic cooperation also with the CIS countries that are members of the Customs Union.

“With regard to relations with our neighbours, during meetings with the electorate I have once again seen the wisdom of our multiethnic people. People are well aware that it is necessary to build good neighbourly relations with the bordering countries - Ukraine and Moldova,” the Tiraspol leader emphasised.

 

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