A source in the National Bank: A new devaluation is coming

One of the most likely scenarios involves bringing the exchange rate to 15,000 BYR per 1$.

As the "Belarusian partisan" was informed by a source in the National Bank, on a recent closed meeting were discussed the effects of increasing the average salary to 500 dollars. Its main outcome was the decision to hold a new devaluation.

According to the National Bank, the order “from above” to increase the average salary to 50% will cost the Treasury 11.8 billion dollars just in this year. Also the demand for the currency has been steadily increasing since June.

As a basic mean of control over the situation at the meeting were discussed such measures as the freezing of deposits and restrictions on cash withdrawals at ATMs. According to the source, these measures will be adopted in October of this year. Also were discussed an issue of a new devaluation of the national currency in the foreseeable future. One of the most likely scenarios involves bringing the exchange rate to 15,000 BYR per 1$. The optimum rate is determined as 12,000 BYR per 1$.

In order to justify the new devaluation, it is suggested to inform the population that the devaluation has a favorable effect on exports of products, allows having a positive balance of payments and repaying external debts.

According to a source, an official from the Administration also suggested to spread a canard that the devaluation was, supposedly, provoked by foreign companies to buy Belarusian enterprises for a song.