MINSK, 27 January (BelTA) - The situation with the exchange rate of the Belarusian ruble is currently stable; its recent strengthening has been supported by a number of factors, but a slight depreciation in the future cannot be ruled out, Chairman of the Board of the Belarusian National Bank Roman Golovchenko said in an interview with the First News TV channel, BelTA has learned.
When asked about the long-term trend of strengthening the Belarusian ruble, the head of the National Bank said: “The situation is currently stable. The exchange rate of the ruble is primarily influenced by market factors, which are, of course, linked to geopolitical ones. I have repeatedly said that we are not deliberately playing against the dollar, nor are we artificially weakening or strengthening the ruble. So far, this is how the market situation has been. I believe it largely suits, primarily, Belarusian exporters who sell products to the Russian Federation.”
“Currently, objective factors are in play such as the tax period. The supply of foreign currency on the market is quite high. Therefore, accordingly, the exchange rate is responding in this way. In the future, we can probably expect a slight depreciation of the ruble. However, we do not forecast any sharp fluctuations,” Roman Golovchenko stated.
When asked about the long-term trend of strengthening the Belarusian ruble, the head of the National Bank said: “The situation is currently stable. The exchange rate of the ruble is primarily influenced by market factors, which are, of course, linked to geopolitical ones. I have repeatedly said that we are not deliberately playing against the dollar, nor are we artificially weakening or strengthening the ruble. So far, this is how the market situation has been. I believe it largely suits, primarily, Belarusian exporters who sell products to the Russian Federation.”
“Currently, objective factors are in play such as the tax period. The supply of foreign currency on the market is quite high. Therefore, accordingly, the exchange rate is responding in this way. In the future, we can probably expect a slight depreciation of the ruble. However, we do not forecast any sharp fluctuations,” Roman Golovchenko stated.
Follow us on:
