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Legal entities allowed foreign currency operations at Belarusian Currency and Stock Exchange

Legal entities will be able to apply for the purchase and sale of foreign currency at the Belarusian Currency and Stock Exchange. Green light for non-professional market participants will turn on March 21.

Belarusian financial authorities also plan to involve physical persons in the formation of exchange rates. This direction is promising and, according to experts, relevant regulatory documents may appear as early as 2017.

Andrei Aukhimenya, Chairman of the Board of OAO Belarusian Currency and Stock Exchange:
Non-professional participants in the foreign exchange market may buy and sell currency at their requests. This will expand the demand and supply of currency in the foreign exchange market. And in our opinion, it may stabilize the exchange rate.

Legal entities allowed foreign currency operations at Belarusian Currency and Stock Exchange