Foreign Exchange Deficit

The deficit of foreign currency at exchange offices in Belarus in recent days is really felt, but the banks are trying to support them in the desired amount of currency to meet public demand. According to Press Secretary National Bank of Michael Zhuravovich currency shortage caused by purely technical reasons, and no restrictions on its sale is not provided. Also in National Bank explained that such a demand for FOREIGN currency called unreasonable expectations of the citizens of the future devolvatsii Belarusian ruble. 'Translation is now white. Dollars in foreign currency (in 80% of this dollar) citizens of Belarus lose significant amounts of conversion, and the translation of banking deposits in foreign currency is also on a percentage of that in local currency than in foreign.

" – Press secretary of the National Bank of Belarus. He recalled that on January 2, 2009 National Bank of Belarus went to use the mechanism peg the ruble to a basket of foreign currencies. As mentioned previously in the basket include the U.S. Dollar, Euro and Russian ruble with equal amounts of these currencies in the basket. The initial value of the ruble krziny – 960 white. rubles. National Bank ensures that during 2009 the ruble value of the basket will remain stable and its fluctuations will not exceed + / -5% percent of the initial value. However, the fluctuations of the Belarusian ruble against foreign currencies in Baskets can be a big range depending on the situation on the international stock markets.

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