Russian rouble to become official currency in Ukraine’s Kherson
The Russian occupiers of the Ukrainian region of Kherson have urged the population to exchange their savings for Russian roubles.
Payments in the Ukrainian national currency, the hryvnia, would end on January 1, head of the occupying forces Vladimir Saldo announced in a video on the Telegram messaging service on Tuesday.
He cited the massive drop in the value of the hryvnia due to Ukraine’s economic problems as the reason, saying the currency was “turning into paper.”
In the Kherson region, the regional capital of the same name and other towns are under Ukrainian control.
Most of the region, however, is occupied by Russian troops.
The currency decision, previously announced in October, is part of annexing the region into Russian territory.
The Ukrainian national currency has lost about 50 per cent of its value against the dollar since the beginning of the war.
In the other annexed regions of Luhansk and Donetsk, the rouble has been the official currency for some time.
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 4
UK women, partners to get two weeks’ bereavement leave after miscarriage from next year
“From April, women and their partners will be entitled to two weeks off after any pregnancy loss,” Mr Burnham said.
Africa
Climate Change: 32 million West Africans may become refugees by 2050, says ECOWAS
ECOWAS says 32 million West Africans risk being displaced from their communities due to climate change.
States
Navy recovers 182,000 litres of suspected stolen crude oil in Rivers
The Nigerian Navy recovered 182,000 litres of suspected stolen crude oil in Rivers.
Economy
Edible oil tanker drivers suspend planned strike
NUEOTDN President Ilias Aperun said the decision followed interventions by the federal government and the State Security Service (SSS).
States
Lagos APC governorship candidate Hamzat rallies voters for 2027
Mr Hamzat expressed concern about declining voter participation, noting that of the 6.2 million registered voters in Lagos in the last election, only about 1.2 million voted.
Economy
NMDPRA begins consultations on anti-competition regulations in petroleum sector
The proposed regulations are designed to address abuse of dominance and promote fair, non-discriminatory access to essential petroleum infrastructure.
