The International Monetary Fund approved the decision of the National Bank of Belarus to deregulate the currency exchange rates. However, the IMF recommends the Belarusian leadership to unify all courses on the cash currency market. This was stated by Head of Mission Fund in Minsk, Natalia Koliadina.
«We support the decision of the National Bank … It’s a step in the right direction, which we hope will lead to the unification of exchange rates in all market segments,» Reuters quotes Koliadina.
As Telegraf previously reported, May 11, 2011, National Bank of Belarus actually devalued the ruble, having lifted restrictions on the banks’ establishment of exchange rates in transactions with the public for buying and selling foreign currency. As explained in the National Bank, it is done in the framework of the phase-out plan for establishing a single Belarusian ruble exchange rate and stabilizing the situation on the domestic market.»
All the country’s banks switched into new exchange rates by the end of the day.
