Tiraspol, 23 June. /Novosti Pridnestrovya/. To combat the shortage of foreign currency, it is necessary to make decisions that would eliminate the problem instead of delaying it, the president said during Journalists Invite on the First Pridnestrovian TV channel.
He said that when these issues had been raised at State Council and Security Council meetings, representatives of all branches of power had agreed that it was necessary to take immediate measures to prevent a currency crisis.
«It seemed that arguments presented, for example, at a close State Council or Security Council meeting had been understood, but some other decisions were made the following day. It turned out that we came across a combination of some, in my view, negative factors, for example, the imperfection of administration system. For instance, the head of a private bank — in this case Agroprombank — gives advice on how the central bank should work and thinks for some reason that his arguments are weightier than those of the central bank's representative," said the president.
The head of state underscored that to solve such an important issue as the shortage of currency, it is necessary to take balanced and coordinated measures.
«It is necessary to make a balanced decision in such circumstances, but unfortunately there is no such a decision so far. There are interim decisions, such as obligatory sale of currency, but the decisions that were made will not completely provide either cashless or cash currency markets," said Yevgeny Shevchuk, noting that «it is not a solution to the problem, but delaying it.»
The president also mentioned that the current currency crisis is connected, among other things, with the budget gap.
«If the budget is not secured with real earnings, then comes what may come. The government begins to borrow monetary funds from banks to cover cash gaps. These funds return to the consumption, again putting pressure on the rouble," he said.
Responding to a question that Energocapital currency earnings go abroad, the president noted that it is interesting to find out where the currency earnings of such big companies as Tirotex and Kvint are.
«You can see that their flows are minimal. They adopted the anti-crisis law and I even signed it. They wanted 100% of Enrgocapital's currency earnings to go straight to the central bank. And it is evident now that even with these amounts there is an imbalance. Why is Agroprombank giving credit? Because the imbalance does exist. It is possible to understand them [bank management]. They have a surplus of money supply; they need to exchange it to import products for conducting trade operations. This credit, therefore, is the confirmation of the previous wrong decisions. When they ignored the central bank and government's arguments that it was necessary to proceed from other guidelines, without putting on a false track," underscored Shevchuk.
According to the head of state, one cannot approach state administration from a businessman's perspective. «I have an impression that some think that commercial organisations and government bodies are administered in the same manner. They approach as businessmen, confusing the systems of interaction between flow of goods and flow of funds. They say Pridnestrovie has a merchandise export surplus. But why don't currency earnings come in full volume? It is necessary to look into this matter. Let's look into it! They began to, but have not settled the currency crisis. For example, Russia also had a trade export surplus, but devalued its national currency any way. Russia devalued its currency twofold, and made this unpopular decision based on projections that at some period of time it would require these resources. And what did we do? We paid back all debts, decreased our reserves and got into the situation when the central bank cannot satisfy the demand. And that's all," he concluded.
