Demand for foreign currency exceeds supply fourfold on currency exchange

Demand for dollars was over $52 million, while supply was only $12 million.

The new exchange rate – Br13,750 a dollar – was manually set on the Belarusian Currency and Stock Exchange. The exchange rate rose 7.5%, or 960 rubles a dollar.

This exchange rate will be proposed by exchange offices tomorrow, and the duty on purchasing foreign currency will be lifted completely.

However, the new rate doesn't look like a market-based one. Demand for dollars significantly exceeded $52 million, while supply was only $12 million today.