Alexander Shcherba, "The presence of speculative course is aimed at the impoverishment of the people"

Today, members of the Presidium of the Supreme Council gathered for an emergency meeting in order to urgently discuss the situation in the domestic foreign exchange market and receive answers to questions of concern from the citizens of Pridnestrovie. They are caused by the fact that rate is significantly changed in many currency exchange offices. Today it is 14-14.50 rubles per dollar. Legislators want to find out why not complied with applicable laws, because, as you know, the Supreme Council according to the proposal of PRB in February approved under the guidelines of the state monetary policy of currency corridor 11-11,30 rubles per dollar.

The vice-speaker Alexander Shcherba who opened the meeting said, the Supreme Council cannot remain indifferent to what is happening

Speaking about the impact of the credit organization activities, Deputy, Chairman of the Board of JSC "Agroprombank" Vladislav Tidva noted that this is unprofessional approach. It entails major problems. People want to change their rubles for dollars, small traders are beginning to raise prices that even have more pressure on the foreign exchange market, its cash segment and aggravates the situation.  

Lawmakers also drew attention of the representative of the Central Bank on the fact that significant portion of foreign exchange reserves of the republic today is formed by MDL that, in fact, leads to the binding of Pridnestrovian economy to the economy  of Moldova.

Chairman of the Central Bank Eduard Kosovsky was invited, but he did not come to the meeting of the Presidium. Deputy Chairman of the PRB Alexander Leanca tried to answer legislators’ questions. Many questions remained unanswered. For example, the question of Sergey Cheban at what rate people will return loans to banks made in US dollars.

The content of the record, presented during the meeting of the Presidium was contrary to the received answer to the main question, who made the decision on increase of the exchange rate.

But the record shows the opposite - that Alexander Leanca at the meeting proposed to raise the rate to 14-14.50 rubles per US dollar.

Deputies called the banks’ actions as conspiracy against the people and urged the central bank to urgently implement previously proposed by the Supreme Council of a set of measures aimed at stabilizing the situation in the currency market.

Members of the Presidium took the appropriate decision. It will be forwarded to the Government of PMR, the PRB, the President, as well as for the publication in mass media.

The Presidium of the Supreme Council also instructed a special commission to conduct the deputy investigation of the situation on the currency exchange market and the measures to stabilize it with the resolution of the Supreme Council dated 11 April 2016 (№255), no later than August 17, 2016 to hold an emergency meeting with inviting representatives of the law enforcement bodies of PMR.