Transnistrian Republican Bank

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Transnistrian Republican Bank
Приднестровский республиканский банк
Headquarters
Headquarters
HeadquartersTiraspol
ChairmanEduard Kosovsky
Central bank ofTransnistria
CurrencyTransnistrian ruble

The Transnistrian Republican Bank (

The Outstanding People of Pridnestrovie
.

History

The Transnistrian Republican Bank has largely been held afloat by economic intervention from Russia who is the only state that has provided financial assistance to Transnistria, however, since 2014, Russian aid has steadily declined forcing the Transnistrian Republican Bank to rely further on domestic and Moldovan financial institutions, investments and credit.[1]

In October 2006, the bank inaugurated a new headquarters of a size of 40,000 square feet (3,700 m2) in Tiraspol.[2]

As part of the 5+2 format Moldovan officials had the opportunity to begin an integration of the Transnistrian economy into a union with Moldova which would have seen a joint bank, currency, and custom's union between the two, however, the presence of the Operational Group of Russian Forces prevented any meaningful dialogues and the talks of integration ended with the Russian invasion of Ukraine.[1]

However, due to the Russian invasion of Ukraine, Transnistria's border with Ukraine as closed, meaning that 76% of the Transnistrian economy is dependent on exports to the

Master Card payments to the Transnistrian Republican Bank, which they have blocked since Transnistria declared independence.[1]

Chairmen of the Pridnestrovian Republican Bank

See also

References

  1. ^ a b c Lesanu, Alexandru. "Title: The Economic Prospects of the Transnistrian Peace Settlement after the Russian Invasion of Ukraine". Georgetown University. Retrieved 3 December 2023.
  2. ^ New headquarters for Europe's newest Central Bank Archived March 12, 2007, at the Wayback Machine

External links