National Bank will reduce transparency of data on international reserves
As of July 1st, 2017, the National Bank will stop publishing data on international reserves according to the national methodology, albeit will continue publishing data by the IMF standard. Unlike the IMF standard, assets in currencies other than the hard currency (eg Russian rouble) and assets which do not comply with highly liquid asset requirements (precious stones, silver bars) are included in the national definition of reserve assets. After the Chinese yuan has become the hard currency, the reserves calculated by each methodology have become closer. International reserves are likely to grow by the IMF standard due to the transfer of some assets from the national standard to the IMF standard, and a new USD 700 million loan from Russia before H2 2017, which would permit to service public debt in 2017. New bond issues by the Finance Ministry and the National Bank on the domestic market would enjoy an increase in demand due to reduced interest rates on private currency deposits. Data on international reserves by the national standard made it possible to estimate the entire amount of funds at the National Bank’s disposal and its non-availability would reduce the transparency in the reasons behind the changes in international reserves.
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.