- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Belarus exchange offices run out of foreign currency

© RIA Novosti . Egor Eremov / Go to the mediabankPeople in Minsk stand in line to get to exchange office
People in Minsk stand in line to get to exchange office - Sputnik International
Subscribe
International
India
Belarusian cash exchange bureaus ran out of foreign currency on Tuesday after the sudden devaluation of the national currency and a surge in exchange rates.

Belarusian cash exchange bureaus ran out of foreign currency on Tuesday after the sudden devaluation of the national currency and a surge in exchange rates.

The National Bank of Belarus devalued the national currency on Monday by 56 percent against the U.S. dollar. The official Belarusian ruble rate for May 24 has been set at 4,930 to the dollar.

Almost all exchange offices in the country have set the same rates of 5,000 Belarusian rubles to the dollar, 7,000 to the euro and 175 to the Russian ruble.

The Belarusian National Bank said on Monday it would regulate the exchange rate, banning other banks' currency exchange offices from selling or buying the Belarusian ruble at rates more than two percent above the rate established by the National Bank.

In the first quarter of this year, Belarus's gold and currency reserves shrank on rumors of the possible devaluation of the Belarusian ruble, which triggered an acute demand for foreign currency.

MINSK, May 24 (RIA Novosti) 

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала