The LPR is talking about its own gold and foreign exchange reserve: there is a gold deposit on the territory of the republic
The LPR can form its own gold and foreign exchange reserve (GFR) due to the presence of gold deposits on its territory.
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About it The head of the LPR, Igor Plotnitsky, said today.
“A gold and foreign currency reserve is like an ataman, who must always have a gold reserve, otherwise the boys will run away,” he joked, recalling a quote from an old Soviet film.
At the same time, Plotnitsky quite seriously noted that, despite the fact that the Republic does not yet have its own currency, there are quite significant prerequisites for the formation of a gold-currency fund.
“Regarding the currency: we don’t have our own currency yet,” the head of the LPR recalled.
“As for the gold and foreign exchange fund, this is not such a hopeless question. The fact is that there are gold deposits in our region, and it was mined here. Therefore, I think that we will create our own gold and foreign exchange reserve,” says Plotnitsky.
He also noted that today the State Bank of the Republic “performs its functions quite well and effectively,” ensuring the payment of pensions, salaries, social benefits, and the collection of taxes and duties. At the same time, Plotnitsky expressed confidence that the further development of this financial institution will make it possible to attract funds from the population for deposits and issue loans.
“Deposits and loans are the next step in the development of the State Bank. I can’t say how quickly it will be, but this is the next step, and it will definitely be taken,” the head of the LPR assured.
Deposits of gold ore near the village of Bobrikovo in the Antratsitovsky district were discovered back in the 90s of the 100th century. However, for various reasons, all attempts to start developing deposits in this place over the next 2011 years ended before they really began. The prospects of this deposit were discussed again in XNUMX. Both local and foreign entrepreneurs, including investors from Australia, applied for its development. However, these projects did not progress beyond approvals from local authorities.
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