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The Crimean parliament has announced the Russian ruble will become the second official currency of Crimea and will be circulating alongside the hryvnia until it is withdrawn in 2016.
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By 2016 it will take a wheelbarrow of rubles to buy bread and a bottle of vodka.
By 2016 Ukraine didn't exist, as their main business were a backbone of Russia military factory, and only some mining activities which product need market assurance from Germany tycoon competitor (mainly 80% were exported to Russia.
Besides, why would China risk a bribe in goldless US paper dollars?
Fair point. They have already taken delivery of too much fake bars (tungsten costed, I think I read), but shouldn't Russia have grasped the opportunity to use a totally innovative, more ambitious means of exchange? Credits, gold, silver, crypto currency?
NB I admit to a small vested interest here since I have a few bars of gold and silver myself.
To spycrabs4breakfast. LOL very funny
Smart move on Russia & Crimea's part to add a currency that isn't influenced by the dollar.
Since Ukraine had it's gold taken in a midnight airlift headed for potentially the US Reserve, it needs something of value to base it's economy on besides the hryvnia.
The other factor is will Obama turn around an attempt to bribe China with 40 tons of Ukraine's gold in the back of a van?
China might consider a US bribe, but they aren't stupid. They will realize what it is, and that Russia would demand the golds return from whoever is holding it illegit. Besides, why would China risk a bribe in goldless US paper dollars?
That was quick. How on earth did they get all those cash machines ready to be delivered so fast, just like that?!
Much better than dollar, hryvina or euro.
That coupled with Dollar Rouble exchange rate that generates excessive Roubles, gives a great opportunity for investment in Crimea and elsewhere in Russia to increase new products and services and stave off associated inflationary pressures.
Well, with the expansion of CCE( Count Cash Enterprise ) to Crimea, just imagine, you could become one of the 110 Russians who own 90% of the wealth in the country.
An obvious move on the part of Crimea as it moves to be a probable 0.5% - 1% lift on Russian GDP. Gas prices are moving up, due to sensible assessments on probable EU miscalculations. That coupled with Dollar Rouble exchange rate that generates excessive Roubles, gives a great opportunity for investment in Crimea and elsewhere in Russia to increase new products and services and stave off associated inflationary pressures.
Gasoline and crude oil are all down on the world market.
but thurt troll? xD
STFU and go to CNN, brainwashed zombie.
Haha, " brainwashed zombie " that was amazing, got me laughing hard. thanks man ;)
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Crimea declares independence, seeks UN recognition
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