Belarusian Ruble Gains 0.8% Against US Dollar in January-May
OREANDA-NEWS. June 2, 2008. In January-May the official exchange rate of the Belarusian ruble against the US dollar gained 0.8% to total Br2,133 for \\$1 as of June 3, said the information department of the National Bank.
Meanwhile, the exchange rate of the Belarusian ruble against the Russian ruble shrank by 2.5% to make up Br89.82 for RUB1 on June 3.
In January-May the official exchange rate of the Belarusian ruble against the euro shrank by 4.6% to total Br3,312 for ?1 as of June 3. The changes in the Belarusian ruble exchange rate in January-May are attributed to external economic factors.
The monetary management policy of the National Bank of the Republic of Belarus will continue aiming at ensuring the stability of the exchange rate with a view to further decrease in the intensity of inflation processes.
In line with the Major Monetary Management Guidelines of the Republic of Belarus for 2008 the official exchange rate of the Belarusian ruble against the US dollar may vary by 2.5% as of January 1, 2009 or within Br2,100-2,200 for one US dollar. However, NBRB Chairman of the Board Piotr Prokopovich repeatedly stated that the bank will continue strengthening the national currency aiming to secure the exchange rate of the Belarusian ruble at Br2,100 against the US dollar by the end of the year.
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