Belarusian rouble may lose some stability in June 2015

Category status:
April 22, 2016 19:14

As of June 1st, 2015, the National Bank will switch from fixing mode to continuous double auction mode when trading foreign currency on the Belarusian Currency and Stock Exchange. As a result, banks will set their own currency exchange rates when selling foreign currency to their corporate clients. Such measures will lead to greater national currency fluctuations against foreign currencies. In addition, corporate clients may leave some banks in favour of others, which would offer better exchange rates. Sharp fluctuations in exchange rates may have a negative impact on people’s deposits in the banking system. The National Bank said that if the negative trends on the foreign exchange market increased, it would switch back to fixing mode.

Similar articles

Belarusian authorities step up pressure on opposition before street protests
October 02, 2017 12:20
Image: "Новы Час"

During searches of social and "green" activists and anarchists, law enforcement has seized computers, mobile phones and publications. The authorities have also exerted additional pressure on supporters of unauthorized street protests and independent lawyers, who represented defendants in the White Legion case. The security services have stepped up the persecution of opponents before the street protests announced by the opposition. Apparently, the Belarusian authorities aspire that participants in street protests would reduce in number and that the low interest of the population to socio-political agenda before the local election campaign would retain.

Recent trends