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Belarus to expand scope of application of its ruble

Taking into account the reduction of foreign exchange risks the Council of Ministers and the National Bank of Belarus approved the plan for the de-dollarization of the economy.

Decline in inflation and higher yields of bank deposits in Belarusian rubles create a favorable background for complete switch from dollars to rubles in domestic economic relations.

In any case, the US dollar will no longer be a measure for the settlements and payments of taxes, duties and when it comes to tariffs, rates and prices.

The scope of application of the Belarusian national currency will be expanded.

Belarus to expand scope of application of its ruble