IMF Supports Belarusian Decision to Widen Exchange Rate Band
OREANDA-NEWS. On 02 July 2009 was announced, that Mr. Chris Jarvis, Head of an International Monetary Fund (IMF) mission to
“We support the decision of the National Bank of the Republic of Belarus (NBB) to widen the exchange rate band from +/-5 percent to +/-10 percent. The widening of the band increases the flexibility of the exchange rate regime, which will make it easier for
“The recent gradual depreciation of the exchange rate within the band will improve
The de facto U.S. dollar peg was replaced with a peg to a currency basket in January 2009. The currency basket comprises the U.S. dollar, the euro and the Russian ruble in equal weights.
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