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February 3 – February 9, 2014

Belarusian ruble under increasing pressure

The situation has not changed
Belarusian ruble under increasing pressure

In December 2013, the foreign trade balance deficit was USD 904. 8 million, meaning increased pressure on the foreign exchange market and greater need for financial resources to compensate for the foreign trade deficit. The government may put restrictions on consumer imports, accelerate the BYR devaluation, and increase financial support for exports. As a result, domestic market prices for locally produced goods will go up in order to compensate for losses.

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Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
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