EDB predicts Br2.67/$1 exchange rate by late 2021
<p> MINSK, Mar 31 - PrimePress. The Eurasian Development Bank (EDB) expects the exchange rate of the Belarusian ruble at Br2.67/$1 against the dollar by the end of 2021, said Anatoli Kharitonchik, Senior Analyst of the Centre for Country Analysis of the EDB Directorate for Analytical Work. </p> <p> </p> <p> The official made a statement to this effect while presenting analytical report “EDB Macroeconomic Outlook: Strong Recovery Growth in 2021” on Mar 31. </p> <p> </p> <p> “We believe that the Belarusian ruble is undervalued by about 6-7% to the dollar. This year the Belarusian currency will be supported by the projected foreign trade surplus. But high inflation and devaluation expectations prevent the ruble from strengthening and by the end of the year we expect the exchange rate to be around Br2.67/$1 and on average around Br2.63/$1,” said Kharitonchik. End </p> <p> </p>
2021-04-01
Primepress
EDB predicts Br2.67/$1 exchange rate by late 2021
MINSK, Mar 31 - PrimePress. The Eurasian Development Bank (EDB) expects the exchange rate of the Belarusian ruble at Br2.67/$1 against the dollar by the end of 2021, said Anatoli Kharitonchik, Senior Analyst of the Centre for Country Analysis of the EDB Directorate for Analytical Work.
The official made a statement to this effect while presenting analytical report “EDB Macroeconomic Outlook: Strong Recovery Growth in 2021” on Mar 31.
“We believe that the Belarusian ruble is undervalued by about 6-7% to the dollar. This year the Belarusian currency will be supported by the projected foreign trade surplus. But high inflation and devaluation expectations prevent the ruble from strengthening and by the end of the year we expect the exchange rate to be around Br2.67/$1 and on average around Br2.63/$1,” said Kharitonchik. End