Vladislav Tidva, "Last year we faced a systemic banking crisis"

Almost the whole last year in the economy of the republic was marked by a large-scale currency crisis. It had the most negative impact on both economic agents and the population of Pridnestrovie. Chairman of the PRB, Vladislav Tidva, appointed to this post December 17, 2016 told during the plenary session of the Supreme Council about the history of the emergence of the systemic banking crisis, its most vivid manifestation - the currency crisis, the causes.

Unsecured money issue carried out by the former leadership of the PRB over the past year in an amount exceeding 900 million rubles turned up the pressure to greater extent, the situation on the financial market. It was also carried out to eliminate the deficit of the republican budget. The head of the main bank of the republic supposes that an increase in the money supply leads to demand for currency, in such a situation there is pressure on the foreign exchange market. Like snow under a bright spring day, the state's foreign exchange reserves also melted. As of January 1, 2017, they were in the negative zone - minus 41 million dollars.

An audit of the activities of the PRB and a number of commercial banks in the past year has revealed the facts of withdrawing significant funds from the financial system of the republic. They were used, including for the purchase of land in the suburbs, the purchase of legislations of one of the Russian companies.

Not to say that the information sounded from the parliamentary rostrum caused a shock among the people's deputies, they knew. Nevertheless, many questions were also addressed to the current chairman of the PRB Vladislav Tidva (the previous one - Eduard Kosovsky - is under investigation). They wanted to know: will there be responsibility for such actions, which have caused considerable damage to our economy?

The situation in the monetary sphere could be even worse, if investors began to withdraw their own funds from deposits, then a "joke with domino effect" could play a cruel joke with the economy of the republic. But in addition to depositors, banks also have clients from among legal entities.

Chairman of the PRB also informed the deputies of the Supreme Council about the measures taken by the central bank to stabilize the republic's monetary system this year. Parliamentarians took into consideration the report on the work of the PRB in 2016, and the information on its activities in the current year.