page_title: Transnistria
section_title: Economy
hierarchical_section_title: Transnistria / Economy
caption_attribution_description: English: The Central Bank building in Transnistria.Español: El edificio del Banco Central de Transnistria.Русский: Здание центрального банка в Приднестровской РеспубликеFrançais&#160;: Bâtiment de la Banque Centrale de Transnitrie.
context_page_description: Transnistria, Transdniestria, or Pridnestrovie, officially the Pridnestrovian Moldavian Republic, is a breakaway state in a narrow strip of land between the river Dniester and the Ukrainian border that is internationally recognized as part of Moldova. Its capital is Tiraspol. Transnistria has been recognised only by three other mostly non-recognised states: Abkhazia, Artsakh, and South Ossetia.
  Transnistria is designated by the Republic of Moldova as the Transnistria autonomous territorial unit with special legal status, or Stînga Nistrului.
  After the dissolution of the USSR, tensions between Moldova and the breakaway Transnistrian territory escalated into a military conflict that started in March 1992 and was concluded by a ceasefire in July of the same year. As part of that agreement, a three-party Joint Control Commission supervises the security arrangements in the demilitarised zone, comprising twenty localities on both sides of the river.
context_section_description: Transnistria has a mixed economy. Following a large scale privatisation process in the late 90s, most of the companies in Transnistria are now privately owned. The economy is based on a mix of heavy industry (steel production), electricity production, and manufacturing (textile production), which together account for about 80% of the total industrial output.
  Transnistria has its own central bank, the Transnistrian Republican Bank, which issues its national currency, the Transnistrian ruble. It is convertible at a freely floating exchange rate but only in Transnistria.
  Transnistria's economy is frequently described as dependent on contraband and gunrunning, with some labelling it a mafia state. These allegations are denied by the Transnistrian government, and sometimes downplayed by the officials of Russia and Ukraine.
caption: Transnistria's central bank, the Transnistrian Republican Bank
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