National Bank notes "a steady trend of growth of foreign exchange earnings from exports of goods and services." According to the results of March, Belarus received from the export of about 4 billion, 38% increase of foreign exchange earnings in February 2011 and 82% increase in March 2010. There was received about $9 billion foreign exchange earnings in equivalent in I quarter of this year. This is nearly 62% more than the same period last year.
«Foreign exchange proceeds of enterprises are an important source of foreign exchange supply on the domestic market. The growth of its revenue contributes to a balance of supply and demand of foreign currency on the domestic market and external stability of the country as a whole,» said the National Bank.
As Telegraf previously reported, there has been currency hype in the foreign exchange market in Belarus since March 2011. Purchase of foreign currency in cash for the population is becoming a serious problem, as it is simply not available in many exchangers. According to the authorities, the citizens themselves are to blame in this situation. As it’s said the head of the main department of the foreign exchange control of the National Bank of Belarus Anatoli Moroz, the population bought up $50 million in January 2011, in February — $12 million, and in March — $700 million despite the fact that Belarusians have bought $1.5 billion for the whole 2010. The authorities promised to solve the problem with the currency in May.
