MINSK, 1 February (BelTA) – Settlements in national currencies have become the new standard on foreign markets, Chairman of the Board of the National Bank of Belarus Roman Golovchenko said on the air of the Belarus 1 TV channel, BelTA has learned.
Roman Golovchenko noted that international markets have long been witnessing a natural shift away from the use of the U.S. dollar. “Now the share of the U.S. dollar in international settlements is declining not just year by year, but probably month by month. Countries are gradually adapting to this new standard of settlements in national currencies and digital currencies. I believe this trend will continue to deepen, especially if the chaotic situation in global politics persists,” the National Bank head said.
According to him, Belarus has adapted to these processes, including in its trade with the People’s Republic of China. “Our monetary settlement instruments have become more advanced than they were just a few years ago. The banking system as a whole is ready, and not only ready, but fully meeting the needs of both exporters and importers,” Roman Golovchenko emphasized.
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