OREANDA-NEWS. On August 04, 2009 President Alexander Lukashenko met with Pyotr Prokopovich, Chairman of the Board of the National Bank of Belarus, to receive his report, reported the Official website president.gov.by.

All main targets of the national monetary and credit policy were largely met, said Pyotr Prokopovich in his report.

In July, the national economy was reporting stabilisation in all major areas. The exchange rate of the Belarusian rouble did not change much against the currency basket during the month. The National Bank worked hard to provide credits and loans for the nation’s real production sector and for national programmes; the payment system was stable throughout the month. The National Bank’s foreign currency purchase deficit reduced 1.6 times as against June.

According to the report, in July national producers managed to reduce their warehouse overstocks.

The President emphasised the need for supporting the real production sector. The head of the National Bank said that the bank would soon estimate all the options it has for intensifying crediting and lending operations in the real production sector.

The Head of State also paid attention to this year’s harvest campaign. He wants the banking system to help domestic agricultural producers address all their financial issues to make sure that grain, flax and other products are harvested in due time.