OREANDA-NEWS. On October 09, 2007 the President of the Republic of Belarus, Alexander Lukashenko, met with Pyotr Prokopovich, the Chairman of the Board of the National Bank of Belarus, to receive his regular report, reported the Presidential website http://president.gov.by.

Pyotr Prokopovich informed the Head of State on the progress in implementing the Basic Guidelines of the Monetary and Credit Policy of Belarus over 9 months of 2007.

Specifically, in January-September, the national banking system met all its planned targets and ensured financial stability of the national currency. The Belarusian rouble fell by 0,4 per cent against the US dollar during the period under review, which was within the planned margin, and came to Br 2,149 to the dollar as of 1 October.

“Everything has been done to enable the real production sector and the social sphere to develop in line with the planned parameters,” he said.

Belarus ’ gold and foreign currency reserves increased by $1,4 billion in January-September, and were estimated at $3,15 billion as of 1 October. Belarus will continue increasing its gold and foreign currency reserves to reach the $6 billion mark in 2010.

The Head of State has tasked Pyotr Prokopovich to ensure that all the targets as laid down in the Basic Guidelines of the Monetary and Credit Policy of Belarus for 2007 are met by the end of the year, and create essential prerequisites for successful performance of the banking system in 2008.