Worse Month After Month :: Charter'97 :: News

In July the situation at currency market of Belarus continue to deteriorate. Demand for US dollars at Belarusian currency exchange was USD 529 mln, which has exceeded the offer by USD 159 mln, “Belorusy i rynok” informs. It’s the worst result this year. As compared to June, the difference grew by USD 24 mln. If compared to July 2005, the situation is even worse.

According to Belarusian currency exchange, the volume of exchange transactions with foreign currencies as compared to June dropped by 10.1%, which is BYR 1,703.8 billion. Dollar’s exchange rate to the Belarusian ruble has not changed for the last month. Euro exchange rate has grown by 0.22%, and Russian ruble by 0.47%.

The National Bank has informed about selling of foreign currency to population by banks in the first six month of the year 2006. They are not optimistic as well. The volume of currency bought by population has grown by 31.6% as compared to the analogous period of the last year (which makes USD 1,855.8 mln), and selling by 18.3% (USD 1,502.7). Thus, physical persons have bought by USD 353.07 mln more foreign exchange cash than sold. The analogous parameter for the year 2005 was USD 139.25 mln.