OREANDA-NEWS. Belarus-based small and medium enterprises (SMEs) will enjoy the opportunity of drawing foreign currency credits from foreign and international credit institutions, but they will be obliged to sell FX credit proceeds at the Belarusian Currency and Stock Exchange in order to settle accounts with Belarusian resident companies.

The National Bank of Belarus made provisions to this effect in resolution #116 of February 28, 2014 in order to make FX credit resources available and accessible for SMEs.

The text of the resolution was made public on March 7, 2014.

The document says that FX credits can be drawn to pay for construction materials, complete parts, raw materials. The resolution rules out the possibility of drawing FX credits for trading activities, lotteries, gambling and e-gaming.