The fee on the purchase of foreign currency by households will be reduced in Belarus from 30% to 20% on December, 30.
“The Board of the National Bank made this decision as the situation on the country’s financial and currency market got back to normal,” state-run news agency BelTA reports.
The decision to reduce the fee on the purchase of foreign currency by households was made following the decision to reduce the fee on the purchase of foreign currency at the stock exchange down to 20% and the weakening of the Belarusian ruble against the U.S. dollar by 7% on 29 December.
Today the exchange rate of the Russian rouble against the Belarusian rubel has raced up to Br206, euro – to Br14,380, U.S. dollar – Br11,800
The rise in foreign currencies may be linked to Pavel Kalavur’s appointment as Head of the National Bank of Belarus. He is known to have been a backer of unitary exchange rate since 2000s.
A temporary 30% levy on purchasing foreign currency was enforced in Belarus on December, 19.
