Belarus
Banknotes: October to December 2022
A round-up of news and salient issues that have affected central bankers in the past three months

Belarus’s governor predicts inflation will fall
Government imposed price controls after sanctions helped push inflation into double digits

Belarusian president bans price increases
“God forbid someone decides to raise prices,” says Lukashenko

Bank of Russia caps FX withdrawals and EU sanctions Belarus
Russian depositors can withdraw unlimited rubles but only up to $10,000 in foreign currency
Belarus raises interest rates 75 basis points
National Bank orders second hike of the year to combat inflation
Belarus central bank cancels meetings calendar
Despite rising inflation, national bank holds policy rate steady and sets no date for next decision
The Belt and Road Initiative 2020 Survey – A more sustainable road to growth?
The third annual Belt and Road Initiative (BRI) survey reveals that central banks view BRI investment as sustainable compared with other forms of external debt, particularly given it is often proportionally less significant. Despite growing global trade…
Transfer season
Trade frictions with the US have caused a mass industrial transfer to China’s neighbours. Zhou Chengjun, IFF Academic Committee member and inspector of the Macro‑prudential Policy Bureau of the People’s Bank of China, says that shouldn’t stop China…
Belarus cuts rates to record low as growth falters
National Bank of Belarus has cut rates 15 times since 2016; ponders IMF assistance
Three EU central banks hail success of Belarus project
Capacity-building project was first such EU mission in country noted for strong Russian links
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
Belarus turns to blockchain for information sharing
Central bank uses technology for new information sharing network
Belarus gives central bank price stability mandate
Presidential decree follows overture to IMF and protests over economy
Belarus cuts rates amid systemic risk fears
Central bank says measures will be taken to guard against foreign loan risk
IMF warns over problems in Belarusian banking system, but central bank disagrees
Systemic liquidity risks are “elevated” because of dollarisation, fund says
Belarus central bank reports ‘significant’ credit risk to country’s banking sector
A large proportion of Belarusian banks’ risky debts are owed as a result of financing government, central bank says
Belarus to re-denominate its currency from July 2016
Value of currently circulating rubles will be drastically cut
IMF pushes Belarus to adopt new policy framework
Staff clash with national authorities over exchange rate
Brazil’s central bank launches financial education website
Central banks around the world are promoting financial education activities
Belarus eyes policy overhaul
Central bank plans to exercise ‘tight control’ over the money supply
Belarus central bank hikes key rate by 500bp
Belarus central bank announces raft of measures to stabilise exchange rate
Belarus central bank handed 12% inflation target
Central bank has missed this year’s targets by a large margin
Belarussian presidential decree sets out 2014 forward guidance
Belarus central bank's key refinancing rate will average between 14% and 16%, according to monetary policy guidelines approved by the president; exchange rate will be based on market forces