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What is the Source of PRB Profit? The public

15.06.2016

The establishment of the PRB 10 percent commission fee to currency buyers was a detonator of the next considered by deputies of currency crisis. Special cynicism in this statement can be the statement of representative of the Central Bank Ina Goleva that consent to the collection of the payment is for the participants of the currency auction is voluntary and is made in the form of a contract of civil-legal nature. Parliamentarians have opposite view: this payment is a tax, it must be established by the Supreme Council on the basis of the law and take effect from the beginning of the new fiscal year on the strict condition of its publication in the three months before.

Participants of the discussion asked a lot of question to the PRB Representative. Although, as it turned out later Inna Goleva had no official authority to represent the position of the central bank - the Deputy Chairman of Bank Alexander Leanca was supposed to do this. However, the questions raised by members of parliament, have remained rhetorical.

Whoever of speakers in the debate on this issue, all were unanimous in saying that the PRB has no right to engage in economic activities on the basis of cost accounting, earning at expense of difficulties of economic agents and citizens of the republic.

Parliamentarian, a member of Banking Council PRB Vladislav Tidva once again deepened in the "issue history". Presented by him retrospective action of the monetary authorities is truly depressing. This list of "strategic errors and mistakes" and a presidential decree banning from 4 March of currency auctions (later it was canceled); and the public announcement of the intentions of the devaluation of the ruble, which plunged the currency market in the shock spurred inflationary expectations, reanimated the black market; and "man-made organization" currency deficit; going beyond the outlined main directions of monetary policy for 2016, the year of the currency corridor - 11 rubles - 11 rubles 30 kopecks. In the end, it all led to disastrous results - to a drop in living standards.

Many deputies who had report called PSR management the main party in fault in the existing provisions of the foreign exchange market, non-independent in its decisions.