Zhirinovsky calls on Russia to drop dollar

Russian Liberal Democratic Party leader Vladimir Zhirinovsky has called for a ban on dollar-denominated mortgages and the circulation of foreign currency in Russia.

Russian Liberal Democratic Party leader Vladimir Zhirinovsky has called for a ban on dollar-denominated mortgages and the circulation of foreign currency in Russia.

"There should be no operations with foreign currency in the country!" Zhirinovsky said in the State Duma on Friday, after First Deputy Prime Minister Igor Shuvalov presented the government's anti-crisis plan.

Speaking on behalf of the Liberal Democratic Party's parliamentary faction, Zhirinovsky urged the government to adopt a number of restrictive measures, which might include dropping the dollar and banning foreign currency export.

"You should also ban dollar-denominated mortgages," he said.

The dollar is seriously overvalued and the government itself should set its exchange rate, he said.

Today one U.S. dollar buys some 70 rubles, Zhirinovsky said.

"You should set the exchange rate at $1/65 kopecks, as it was in Soviet time, and everything will be fine," he added.

 

Read more: Ruble tumbles again against dollar as Russian Central Bank lowers key rate

All rights reserved by Rossiyskaya Gazeta.

More exciting stories and videos on Russia Beyond's Facebook page

This website uses cookies. Click here to find out more.

Accept cookies