MINSK, 30 March (BelTA) – The share of non-resident clients on the Belarusian forex market exceeded 82% in 2020, BelTA learned from Dmitry Nabzdorov, Head of the Central Office for Regulating Non-Credit Financial Organizations and Investment Operations of the National Bank of the Republic of Belarus (NBRB).
According to the source, the number of forex market participants rose in 2020. At present two Belarusian banks and 18 companies perform operations on the market. The interest of non-residents in the creation of Belarusian forex companies remains strong. The share of non-resident clients was under 10% in 2016-2017. It rose past 82% in 2020. “We are glad to see the trend because projections concerning the share of non-resident clients in the previous five-year term was exceeded by about two times,” the NBRB official stated.
The number of operations of clients also shows good dynamics. The number of operations has been doubling and tripling every year for the last five years. About 8 million operations were carried out in 2020 while the figure was under 4 million in 2019. The share of operations with a positive result remains at Europe's average or over 60%. The total volume of operations exceeded the equivalent of $139 billion in 2020, Dmitry Nabzdorov said.
