Services of the Belarusian Currency and Stock Exchange will become more attractive for investors. After a presidential decree, the stock exchange is given additional functions.
The document will significantly reduce the risks for financiers as transactions will now be more transparent. The Belarusian Currency and Stock Exchange can now independently open current accounts on its site and correspondent accounts in foreign banks. It can also conduct foreign exchange operations with the National Bank.
The exchange will start working in this direction in July. By this time, there will be created a scheme of settlements and trading that is understandable for foreign investors. This may help bring additional funds into the Belarusian economy.
Andrei Aukhimenya, chairman of the Belarusian Currency and Stock Exchange:
The adoption of this decree is first of all an infrastructure project for the Belarusian Currency and Stock Exchange that will help switch from simple trading to a universal financial institution, which will enable also settlements and clearing. This scheme is understandable for foreign investors. I am convinced that it will be useful for domestic customers too.