Belarus to Earn $455 Mln on 30% Currency Trade Fee: Deputy Finance Minister

© AP Photo / Sergei GritsNational Bank of the Republic of Belarus head building in the capital Minsk
National Bank of the Republic of Belarus head building in the capital Minsk - Sputnik International
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The Belarusian Deputy Finance Minister said that an additional $455 million may be added to the country's budget after the country’s National Bank recently introduced a 30 percent commission on foreign currency exchange.

MINSK, December 21 (Sputnik) — An additional $455 million may be added to the Belarus budget after the country’s National Bank recently introduced a 30 percent commission on foreign currency exchange, Belarus Deputy Finance Minister Maxim Ermolovich said Sunday.

People pass by National Bank of the Republic of Belarus head building in the capital Minsk - Sputnik International
Belarus Implements Temporary 30% Commission on Foreign Currency Trade

“Considering daily demand and supply of foreign currency, the income will be about 5 trillion [Belarus] rubles,” or nearly $455 million at the current exchange rates, Ermolovich said an interview with the national Belarus 1 broadcaster.

On Friday, the National Bank of the Republic of Belarus implemented a temporary 30 percent commission on purchasing currency both by legal entities and individuals amid fears of Belarus ruble devaluation, with the income going directly into the budget.

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