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30 March 2022, 16:46

Belarus PM expects regional currencies to play more prominent role in international transactions

Roman Golovchenko. An archive photo
Roman Golovchenko. An archive photo

ST PETERSBURG, 30 March (BelTA) – Prime Minister of Belarus Roman Golovchenko talked to reporters on 30 March and mentioned what currencies Belarus uses in transactions with business partners among other things, BelTA has learned.

According to the Belarusian head of government, regional currencies will play an increasingly prominent role in international transactions.

Roman Golovchenko said: “We use Russian rubles in transactions with partners in Russia and various currencies in transactions with partners in Western Europe, Asia, and Africa. Those include U.S. dollars, euros, and Chinese yuans. Trade in yuans is gaining pace. Not everyone has come to properly appreciate it yet. But we have cases when buyers actively pay with yuans.”

In his words, there are bottlenecks, not all the banks are ready to handle such payments. “But it is the job of our financial system and banking institutions to streamline work in this direction,” the prime minister noted.

In his words, banks, which are disconnected from the international interbank messaging and payment system SWIFT, will continue working by using the Russian financial messaging system. “I believe Chinese financial institutions will be connected to the system soon,” Roman Golovchenko added.

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