Lukashenko promises to prevent collapse of Belarusian ruble
<p> MINSK, Aug 27 - PrimePress. The state will not allow the national currency to collapse, as the country has enough reserves to keep the exchange rate at an acceptable level. Belarusian President Alexander Lukashenko made a statement to this effect on Aug 27 at a meeting with the government to analyze the development of the core companies controlled by the Ministry of Industry. </p> <p> </p> <p> “We will not allow the collapse of the national currency. If people want to buy dollars, let them do it, it costs what it costs today. We have a floating exchange rate. If the demand goes up, the dollar and euro will rise. If the demand shrinks, the dollar and euro will cost less. We are not trying to curb the exchange rate of the Belarusian ruble,” Lukashenko’s press-service reports citing the incumbent head of state as saying. </p> <p> </p> <p> In his words, Belarus “has enough reserves ($8.858bn as of Aug 1, 2020 – editor’s note) to keep the exchange rate at an acceptable level.” “Thus, there is no catastrophe. Indeed, some exchange offices might sometimes run out of cash. However, it always happens when the demand is high. I instructed the National Bank to take action to avoid such situations. If people want to get their money back, let them do it,” said Lukashenko. End </p>
2020-08-28
Primepress
MINSK, Aug 27 - PrimePress. The state will not allow the national currency to collapse, as the country has enough reserves to keep the exchange rate at an acceptable level. Belarusian President Alexander Lukashenko made a statement to this effect on Aug 27 at a meeting with the government to analyze the development of the core companies controlled by the Ministry of Industry.
“We will not allow the collapse of the national currency. If people want to buy dollars, let them do it, it costs what it costs today. We have a floating exchange rate. If the demand goes up, the dollar and euro will rise. If the demand shrinks, the dollar and euro will cost less. We are not trying to curb the exchange rate of the Belarusian ruble,” Lukashenko’s press-service reports citing the incumbent head of state as saying.
In his words, Belarus “has enough reserves ($8.858bn as of Aug 1, 2020 – editor’s note) to keep the exchange rate at an acceptable level.” “Thus, there is no catastrophe. Indeed, some exchange offices might sometimes run out of cash. However, it always happens when the demand is high. I instructed the National Bank to take action to avoid such situations. If people want to get their money back, let them do it,” said Lukashenko. End