NBB Takes Control of Microfinance Market, FOREX Market
OREANDA-NEWS. The National Bank of Belarus (NBB) is expected to gain control of the country's microfinance market (including pawn shops), the market of forex and leasing activities as early as 2014, NBB Vice Chief Sergey Dubkov told a press-conference.
The country's central bank is almost through with legal formalities - the preparation of the corresponding agreements is in its final stage, Dubkov said. The aforementioned sectors have been growing rapidly and need supervision to avoid difficulties, the NBB official said. By taking the microfinance market, the forex market and leasing activities under control, the NBB plans to enhance financial awareness.
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