OFFCIAL LNR Council of Ministers Declares Russian Rouble Main Means of Exchange in the LNR Beginning on 1 September 2015

Voices from Russia

00 Russian money

______________________________

OFFICIAL

A decree of the LNR Council of Ministers establishes that the basic monetary unit in the LNR for all transactions, beginning on 1 September 2015, will be the Russian Rouble.

In order to take measures to stabilise the financial and monetary system, and to ease financial operations in the LNR, since mainly the Russian Rouble is in use and there is a sharp decline in the use of Ukrainian Grivnya, we establish that the basic monetary unit in use in the LNR will be the Russian Rouble. We shall allow the Ukrainian Grivnya, the US Dollar, and the Euro to circulate, in both currency and cashless transactions. Wages to public sector workers, pensions, and other social payments, according to current legislation, will be in Russian Roubles. We will recalculate wage payments to public sector workers, pensions, and other social payments, rates for public utilities and other payments, now determined…

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