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10 December 2021, 12:10

Foreign currency sales exceed purchases by $21m in Belarus in January-November 2021

MINSK, 10 December (BelTA) – Belarusian households sold $21 million worth of foreign currency more than they purchased in January-November 2021, Belarusian Prime Minister Roman Golovchenko said at a meeting with members of the House of Representatives and the Council of the Republic in the Oval Hall to discuss a package of budget bills, BelTA has learned.

“The government jointly with the National Bank has taken optimal measures to restore stability on the financial and currency markets. In January-November 2021 Belarusian economic entities sold $762 million worth of foreign currency more than they purchased. Households sold $21 million more than they purchased. Last year we had a significant outflow of household deposits and, accordingly, the purchase of foreign currency. The situation has actually been reversed. I have already mentioned the figures where households and businesses were not net buyers, but net sellers of currency to banks,” said Roman Golovchenko.

In his words, the situation with households' savings is also developing well. “In August-November 2021, households' time deposits in Belarusian rubles increased by Br365 million and now amount to Br5 billion,” the prime minister said.

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