Tiraspol, 7 February. /Novosti Pridnestrovya/. The PMR will not turn to the floating exchange rate of the rouble as it would cause social upheavals, the chairman of the Pridnestrovian Republican Bank, Vladislav Tidva, told Novosti Pridnestrovya.
«We are not going to adopt a floating rate. We'll proceed from the monetary strategy the central bank has adhered to in previous years, namely to the so-called exchange rate targeting at certain target levels.» said Tidva.
According to him, this target should consider the interests of both exporters and domestic consumers.
The PRB has already calculated the point of balance between these interests and within a month will submit a draft of the «Basic guidelines for state monetary policy for 2017…» to the Supreme Council.
However, in order to keep the rouble within the zone of the balance of interests in the long term, the PRB needs a significant amount of gold and foreign currency reserves.
