IMF Approved Market Rate of Belarusian Ruble

20.04.2011 09:08
Архив Редакция

The head of the International Monetary Fund in Belarus, Natalia Koliadina, commended the decision of the National Bank of Belarus to introduce a free rate policy for banks and companies. "The announced decision is a movement in the right direction. This will ensure greater exchange rate flexibility," said the IMF experts.

The IMF official representative described as «reassuring» the NBB statement about that the introduction of two Belarusian ruble exchange rate being a temporary measure, reports Reuters. According to Natalia Koliadina, National Bank of Belarus should unify the exchange rates «in a fairly short period of time.»

As Telegraf previously reported, the Belarusian government and National Bank have determined a way out of the currency crisis. The introduction of alternative exchange rate on the interbank market will be one of the measures to combat the lack of currency in the country. This was announced by the deputy chairman of the National Bank, Nikolai Luzgin, on April 19.

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