Belarusian rouble exchange rate to be decreased by 10%. Devaluation?

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The exchange rate of the Belarusian rouble is about to be decreased by about 10%, tut.by refers to a few sources. The banks have been recommended to sell foreign currency only if it is sold by the population.

Furthermore, restrictions may be imposed on rouble credits. “This is the only way out of the complicated situation in the money market caused by the double devaluation of the Russian rouble”, the sources report.

The National Bank is preparing an official comment now.

There will be no devaluation in Belarus, Alyaksandr Lukashenka claimed yesterday.

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