#AceFinanceNews – SIMFEROPOL – April 14 – (QHA) – Crimea to shorten the period of time during which the Russian Ruble and Ukrainian Hryvnia will simultaneously circulate in the region due to the declining value of the Hryvnia, Crimean vice premier Rustam Temirgaliyev announced.
“Amid declining value of the Hryvnia and the possibility of default in Ukraine we have to reconsider the terms of operating two-currency system in the region. We discuss the possibility of a withdrawal of Hryvnia in a short period of time”- he said.
“We discuss the possibility of a significant withdrawal of Hryvnia in case of unrestricted exchange of the Ruble and Hryvnia along with deposit compensation from Ukrainian banks in Crimea Deposit Insurance Agency (DIA).
DIA already opening its offices in Crimea”- Temirgaliev added.
#AceWorldNews The Crimean parliament has announced the Russian Rouble will become the second official currency of Crimea and will be circulating alongside the Hryvnia until it is withdrawn in 2016.
AceFinanceNews – SIMFEROPOL – Crimea has announced the Russian rouble its official currency, which will be in circulation along with the Ukrainian Hryvnia until January 1, 2016.
Crimea will also temporarily use Ukraine’s Budget and Tax Codes pending the adoption of its own budget and tax legislation. Tass
#AceFinanceNews – SIMFEROPOL,- The referendum to be held in Crimea on March 16 will have to decide whether its residents want to join Russia to stay within Ukraine.
Dual currency circulation of the Russian rouble and the Ukrainian hryvnia may be introduced in Crimea (autonomy within Ukraine) for a transitional period already next week, March 18 or 19, if the decision is made to join Russia, Crimean Prime Minister Sergei Aksyonov said Aksyonov also said that residents of Crimea would be able to keep their Ukrainian passports if they acquire Russian citizenship upon accession to Russia. “Dual citizenship is not prohibited in Russia,” he said.
#AceFinanceNews in case the Autonomous Ukrainian Republic of Crimea joins Russia and switches over to the Russian Ruble, both the Ruble and the Ukrainian currency Hryvnia would be used for some time, the Crimean parliament speaker said Monday.
“I think circulation of two currencies is a necessary intermediate stage, because people have many Hryvnias.
The Hryvnia will circulate for some time for people not to have problems. It will be three months if necessary or half a year,” Crimea Supreme Council chairman Vladimir Konstantinov told an Itar-Tass correspondent.