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15 April 2021, 18:27

Time needed to restore Belarusians' interest in bank deposits

MINSK, 15 April (BelTA) – The restoration of the bank savings process cannot be accomplished right away, BelTA learned from Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur at a press conference on 15 April.

The official said: “A small increase in ruble deposits of individuals has been registered on the deposit market since the beginning of the year. The dynamics of foreign currency deposits remains negative for now. However, it should be understood that the task of restoring the bank savings process cannot be accomplished in one go. It requires patience and time.”

Pavel Kallaur
Pavel Kallaur

The head of Belarus' central bank also talked about the situation on the foreign currency market. In his words, the demand for foreign currency is moderate. Belarusian commercial entities and citizens keep buying more foreign currency than they sell. The net purchase of foreign currency by individuals is declining.

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