National Bank of Belarus to keep ruble stable in 2007

This year the National Bank of Belarus will secure the stability of the exchange rate of the national currency, the press service of the Belarusian head of state quoted NBB chairman of the board Piotr Prokopovich as saying during his report to Belarus president Alexander Lukashenko today. Piotr Prokopovich informed the president, in January-February 2007 the stability of the national currency was secured. In the period the Belarusian ruble weakened against the US dollar by only 0.1%, which was significantly lower than the forecast figures. The NBB chairman of the board assured the head of state, the stability of the national currency will stay secured in the future. The confidence is based on the performance of the national economy in 2007. In particular, over the two months foreign currency proceeds of Belarusian companies increased by 15% in comparison with the same period of last year. In January-February 2007, the NBB increased the gold and foreign currency reserves by more than 5% and secured a foreign trade surplus of more than $100 million. Belarus’ payment system worked steadily in January-February. Daily transfers of Belarusian banks have been standing at some Br2.2 trillion since early this year.

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