Belarus

Belarus to shift to Russian ruble in October

Belarus has agreed to introduce the Russian ruble in electronic form on October 1, reports The Russian Journal, after Russia agreed to Belarusian President Alexander Lukashenko's demands that prices for gas, electricity and oil should be equal to Russian…

Ruble union plagued by further setbacks

Observers say that the much discussed currency union between Russia and Belarus is likely to fail altogether, reports ITAR-TASS, because it would require the Belarussian strongman to relinquish some of his power. "The delay is an entirely domestic issue,…

Belarus wants equal terms with Russia currency

The stance of Belarus on the principles of creating the Russian-Belarusian union state's single money issuing centre remains unchanged, the press secretary of the National Bank of Belarus, Mikhail Zhuravovich, has said, while commenting on the results of…

Russian one currency plan unacceptable to Belarus

BELARUS - Speaking on plans for the introduction of a single union currency, Belarusian President Alyaksandr Lukashenka described the introduction of the Russian rouble in Belarus as a necessary step, but slammed Russian suggestions that roubles be…

Nat Bank of Belarus approves single currency idea

BELARUS - The board of the National Bank of Belarus has approved the bank's blueprint for implementing an existing agreement with Russia on "creating conditions" to turn the Russian rouble into the single currency of the proclaimed union state of Belarus…

Belarus to abide by union in currency proposal

BELARUS - Belarusian President Alyaksandr Lukashenka on Monday received the chairman of the National Bank of Belarus, Pyotr Prakapovich, with a report. The main topic of the report was fulfilment of forecast indicators of the main guidelines for monetary…

Belarus reports notable rise in for ex reserves

BELARUS - The Belarusian central bank's net foreign exchange reserves rose by 48.5m dollars since the beginning of the year to 252.9m, Pyotr Prakapovich, head of the National Bank of Belarus (NBB), told reporters in Minsk on 7 August.

Belarus bank chief dismisses currency union idea

BELARUS - Meeting deputies of the Belarusian National Assembly's House of Representative [lower house of parliament] today, the chairman of the National Bank of Belarus, Pyotr Prakapovich, said that the introduction of a single currency of the union…

Belarus c.bank cuts key rate to 75 pct from Feb 21

Belarus' central bank said on Feb 14, 2001 it will cut the refinancing rate to 75 percent annually from 80 percent, effective February 21. The central bank said the current rate, effective since December 1, 2000 was being cut due to slower inflation,…

Russia Duma ratifies single currency with Belarus

The Russia State Duma budget committee on Feb 9, 2001 decided to recommend that the lower house of parliament ratify the agreement between Russia and Belarus on the introduction of a single currency and on setting up a single monetary emissions center…

Belarus hard currency reserves triple to $150m

Belarus's central bank net hard currency reserves rose to $150 million on January 1, 2001, from $50 million at the start of last year, the bank's head, Pyotr Prokopovich, said on Feb 2. He told a news conference the bank planned to boost net hard…

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