MINSK, 27 February (BelTA) – Trust in the Belarusian ruble is increasing, Chairman of the Board of the National Bank of Belarus Roman Golovchenko said during a joint meeting of the two chambers of the National Assembly of Belarus on 27 February, BelTA has learned.
“Confidence among citizens and businesses in the Belarusian ruble is growing. This is one of the most important factors for economic stability. A high level of trust in the national currency significantly reduces the risk of sharp exchange rate fluctuations, ensuring a predictable and resilient economic environment and easing inflationary pressure,” Roman Golovchenko said.
He added that growing confidence in the national currency also helps maintain a favorable situation on the domestic foreign exchange market. In 2025, net foreign currency supply exceeded $1 billion. Over the year, the ruble strengthened by almost 1% against the basket of foreign currencies.
At the same time, conditions on the main export market, Russia, remained favorable for exporters. In 2025, the real exchange rate between the Belarusian ruble and the Russian ruble weakened by approximately 6%. This provided an additional roughly $150 million in export revenue due to a more advantageous conversion of proceeds from Russian rubles into Belarusian rubles.
Roman Golovchenko also noted that there has been a steady trend towards de-dollarization of the monetary supply. The share of ruble-denominated components in broad money exceeded 65%, increasing by almost 5 percentage points over the year.
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