OREANDA-NEWS. May 18, 2010. President Alexander Lukashenko met with the Chairman of the Board of the National Bank of Belarus, Pyotr Prokopovich, to receive his report, reported the Official website president.gov.by.
 
The January-April monetary and credit targets have been accomplished and stabilization has been achieved in financial markets, according to Mr Prokopovich.

It is particularly important that the national currency, the Belarusian rouble, has remained stable over the period in review, he said. The exchange rate of the Belarusian rouble against the currency basket has remained more or less unchanged in spite of marked fluctuations of the US dollar/euro rate within the basket.

The first quarter of the year has witnessed an improvement in the export of Belarusian goods and services, which rose by 29 per cent as against the same period last year. Belarus has earned USD455 million more in hard currency revenues in Q1 2010 than in Q1 2009.

As a result, the country has increased its gold and hard currency reserves which totaled USD 6.515 billion as of 1 May 2010, up USD 550 million from 1 January 2010. This upward trend demonstrates that the national currency will remain stable as the stability is based on the country’s increasingly improving economic performance.

Piotr Prokopovich has informed the President that the economy gets lending in full volume. As of 1 May, the credit debt in the real production sector stood at Br71 trillion, up 32 per cent from 1 May 2009.

It is important that today the banking system has opportunities to increase lending. For the first time in the past 18 months Belarus has reached the sufficient level of liquidity of its banking system.