NBB Promises Br Rate Will Remain Unchanged in Months to Come
OREANDA-NEWS. On 02 July 2009 was announced, that the exchange rate of the Belarusian rubles (Br) against the basket of currencies will remain close to the Monday level in a few months to come, the widening of the band to 10% from 5% does not mean the ruble will depreciate to the upper limit of the new band very soon,” the chairman of the National Bank of Belarus (NBB), Petr Prokopovich, told President Alexander Lukashenko.
“There are no preconditions for serious fluctuations. The official exchange rate of the ruble will remain as close as possible to the Monday level in a few months to come, or at least a month,” the press service of the president said, quoting Prokopovich.
Prokopovich said the widening of the band had been due to the fact that the ruble had reached the upper limit of the band, while global currencies remained unstable. The band was widened to avoid technical difficulties, the NBB chief said, quoted by Lukashenko’s press service.
Prokopovich said the situation ion the money-market was under control. “Despite the global turndown, the country has prevented destabilization and managed to meet households’ foreign exchange requirements in full,” Prokopovich said.
Комментарии