Belarus will soon reach real exchange rate. This was stated by Prime Minister of Belarus Mikhail Miasnikovich on May 19. "Belarus will reach the real exchange rate in the near future, based on real demand and supply, free of speculative devaluation," said Mikhail Miasnikovich.
According to him, it is important not only for the Belarusian economic entities, but also for our trading partners to keep the increased price competitiveness of Belarusian exports, due to the correction of the exchange rate, away from undermining the economy of our colleagues in the Customs Union at sensitive producers’ headings, BelTA informs.
«I think the Russian ruble could become real reserve currency in the future, especially if prices for Russian energy resources are determined not in dollars or euros somewhere in Rotterdam but in rubles and in Moscow,» said Mikhail Miasnikovich.
As Telegraf previously reported, Mikhail Miasnikovich also said that EurAsEC Crisis Fund would loan $3-3.5 billion to Minsk within three years. «The loan amounted to $3 billion, or even $3.5 billion. Terms and conditions have been agreed upon, as well as the sums,» emphasized the head of the Belarusian government.
«The question has long been worked out, there are agreements, enshrined in the relevant matrix: what we should do to effectively dispose of the borrowed funds,» said the Belarusian Premier.
In recent months, Belarus has faced an acute shortage of foreign currency, resulting in Br9.000 dollar rate on the interbank market on May 19 (devaluation compared to the early currency hype made 200%). According to experts, both the Belarusian and the foreign ones, Belarus needs $8-10 billion to overcome the crisis.
