In such case, the real income of the republic's citizens would be decreased significantly
This issue was concerned during the live program "From the First Person" of the Pridnestrovie's First Channel. The Economic Development Minister Alevtina Slinchenko also told that the currency rate remained stable thanks to the monetary policy of the PRB and its strict administrative measures.
"The purpose is to keep the population's real income and its spending capacity. The ruble devaluation will result in the 80% rise of inflation and reduce the citizens' income twice as the goods prices will increase at once. We can see this following the example of Moldova and Ukraine," the head of department emphasized.
She reminded that Pridnestrovie's situation was favorable compared to its neighbors in terms of the inflation rate last year. It was 4.7% in Moldova and about 25% – in Ukraine. This rate was 11.5% in Russia following the results of 2014 while it was less than 1% in our republic.
The offers of some industrial enterprises concerning the currency liberalization that would make their production competitive were also remembered during the program. "To do this the dollar should cost 18-20 rubles. Exactly this would cause the inflation rise, and it, by the way, would result not only in the salary reduction, but also in the pension reduction. Even the enterprises offering such measures will have to increase salaries, i.e. to make extra expenditure," Alevtina Slinchenko noted.
