National Bank head: No devaluation planned, denomination possible

There is no reason for a rapid devaluation like in 2011, she said. “We are not expecting it, not planning it and are not going to do it,” BELTA quotes Yermakova.

The head of the National Bank thinks that it may be possible to organize a denomination at the end of 2014 “if there is no high inflation”. If the inflation rate is high, the denomination will make no sense, Nadzeya Yerakova explained. However, the decision has not been made yet.

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