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May 12 – May 18, 2014

Exchange market approaching equilibrium

The situation has not changed
Exchange market approaching equilibrium

According to the National Bank, in April 2014, foreign currency net purchase by individuals and legal entities on the domestic market was at a record low since early 2014, amounting to USD 13 mln. Due to improvements in Belarus’ foreign trade, in April 2014 Belarus’ legal entities became net sellers of foreign currency. Stabilisation of the foreign exchange market will reduce pressure on the BYR exchange rate, will slower the pace of spending the international reserves on smoothing out BYR exchange rate fluctuations, and will reduce the need in foreign borrowing to service domestic and public debt.

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Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
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