Russia has no doubts Iran observes JCPOA - deputy foreign ministerRussian Politics & Diplomacy October 21, 11:04
Monuments to Soviet troops in PolandWorld October 21, 10:57
Putin and Erdogan give positive assessment to joint efforts in Astana processWorld October 21, 3:03
Privileges to certain languages in Ukraine’s education law to worsen situation — diplomatRussian Politics & Diplomacy October 20, 21:46
International balance of forces in Syria after Raqqa’s liberation unclear yet — expertMilitary & Defense October 20, 21:05
Russia to resume import of aubergines, pomegranates from Turkey since October 30Business & Economy October 20, 20:18
International station to orbit Moon at 70,000 km distance from EarthScience & Space October 20, 20:09
US indulging in lies to have UN-OPCW mission’s mandate extended — Foreign MinistryRussian Politics & Diplomacy October 20, 19:31
This week in photos: Diplomatic kiss, Paddington's dance and French bank in flamesSociety & Culture October 20, 17:46
MOSCOW, 7 March. /TASS/. The self-proclaimed Lugansk People’s Republic (LPR) will use three basic currencies - hryvnias, roubles and U.S. dollars, where big operations will be made in dollars, the republic’s head Igor Plotnitsky said on Saturday.
"We shall process minor operations in hryvnias and roubles, and bigger operations - in dollars," the LuganskInformCentre news agency quoted him.
"For the time being this is what we shall have, though, according to the poll results, most people would rather prefer rouble," he said.
The republic’s head said all retail stores should have two currencies quoted on price tags.
On Friday, the official said authorities were considering a possibility of making social payments, including salaries and pensions, in roubles after prices stabilize.
"Ukrainian currency is in use. We will have both rouble and hryvnia in use. The people themselves will decide what is better. The majority of LPR residents want to use roubles only," Plotnitsky said.
"The hryvnia plunged in one night. There is an unannounced default in Ukraine. LPR residents are ready to use the rouble," he added.
However, growth in prices is expected in LPR in the nearest future due to the unstable economic situation, Plotnitsky said.
"The market will show what prices are appropriate. So, we expect a growth in prices, but later everything will go back to normal. Then, salaries and pension will be paid in rubles. Only rubles will be used in stores," he added.
At the end of February, LPR adopted a multi-currency financial system due to hryvnia’s plunge and continuing economic blockade of Donbass by Kiev.