LUGANSK, June 9. /TASS/. More than 80% of taxes payable to the budget of the self-proclaimed Luhansk People’s Republic (LPR) are paid in Russian roubles, LPR Finance Minister Yevgeny Manuilov said on Tuesday.
"About 80% of tax revenues as of today are in roubles, but some are in US dollars," LuganskInformCentre cited him as saying. In his words, US dollar-denominated revenues make up 4%, revenues in euro account for less than 1%, while revenues in hryvnias account for 14%
Manuilov said the share of the Ukrainian currency unit, the hryvnia, had considerably shrunk and if the LPR had not introduced a multi-currency system it would have had big problems with payments.
"The multi-currency system has proved to be efficient. We receive taxes in US dollars which we used to pay wages and pensions. A novelty is that we pay part of pensions to military retirees and part of wages to medical personnel in U.S. dollars," he said.