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Economy
26 жніўня 2020, 09:03

Belarus' central bank: Foreign currency should be in good supply at exchange offices

An archive photo
An archive photo

MINSK, 26 August (BelTA) – The National Bank of the Republic of Belarus (NBRB) has issued a recommendation for banks to have enough foreign currency in their exchange offices and counters throughout a day, BelTA learned from the National Bank.

“Taking into consideration the increased demand for foreign currency in recent days, the National Bank highly recommends the banking community to take comprehensive and adequate measures to make sure that their exchange offices and counters have enough foreign currency for uninterrupted foreign exchange transactions throughout a day and for meeting households' demand for foreign currency in cash in line with the domestic currency exchange rate,” the message reads.

The NBRB also believes that it is necessary to raise awareness of households about a possibility of cashless foreign exchange transactions, including via online banking and via bank cards linked to accounts in foreign currencies. “Foreign currency exchange rates established by banks should be sensible and economically justified,” the National Bank noted.

The NBRB emphasized the importance of timely notification of clients about foreign currency exchange rates and their changes by banks. This information should be placed on stands, electronic displays and official websites of banks, and by means of a newsticker.

This page is available at:
https://eng.belta.by/economics/view/belarus-central-bank-foreign-currency-should-be-in-good-supply-at-exchange-offices-132885-2020
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