NBB asks banks to provide enough FX cash for sale to individuals
<p> MINSK, Aug 25 - PrimePress. The National Bank of Belarus (NBB) asks banks to provide enough foreign exchange in cash for sale to individuals and promote cashless FX purchases (NBB’s letter No.31-27/6238 of August 25, 2020). </p> <p> </p> <p> “Taking into account increased demand for foreign exchange in recent days, the National Bank considers it necessary to take comprehensive and exhaustive measures in the banking sector to timely supply exchange offices and cash desks with the amounts required for uninterrupted foreign exchange transactions during business hours and foreign exchange sales to households to satisfy emerging demand at the exchange rates set in the domestic foreign exchange market,” reads the letter. </p> <p> </p> <p> Over the past few days, Belarus has been seeing increased demand for foreign exchange. The National Bank set the rate of the Belarusian ruble on August 25 at Br2.6028/$1, down 6.3% from August 10 (the first banking day after the presidential election, after which households began to actively buy foreign exchange). Since the beginning of the year, the Belarusian ruble fell by 24% against the dollar, 31% against the euro, and 2.6% against the Russian ruble. End </p>
2020-08-26
Primepress
MINSK, Aug 25 - PrimePress. The National Bank of Belarus (NBB) asks banks to provide enough foreign exchange in cash for sale to individuals and promote cashless FX purchases (NBB’s letter No.31-27/6238 of August 25, 2020).
“Taking into account increased demand for foreign exchange in recent days, the National Bank considers it necessary to take comprehensive and exhaustive measures in the banking sector to timely supply exchange offices and cash desks with the amounts required for uninterrupted foreign exchange transactions during business hours and foreign exchange sales to households to satisfy emerging demand at the exchange rates set in the domestic foreign exchange market,” reads the letter.
Over the past few days, Belarus has been seeing increased demand for foreign exchange. The National Bank set the rate of the Belarusian ruble on August 25 at Br2.6028/$1, down 6.3% from August 10 (the first banking day after the presidential election, after which households began to actively buy foreign exchange). Since the beginning of the year, the Belarusian ruble fell by 24% against the dollar, 31% against the euro, and 2.6% against the Russian ruble. End