Arab Today, arab today chief banker preparing for redenomination
Last Updated : GMT 23:30:19
Arab Today, arab today
Arab Today, arab today

Chief Banker: Preparing for re-denomination

Arab Today, arab today

Arab Today, arab today Chief Banker: Preparing for re-denomination

Minsk - Ria Novosti

The National Bank of Belarus plans to launch preparations next year to re-denominate the Belarusian ruble, cutting zeroes off the much devalued currency, National Bank head Nadezhda Yermakova said on Thursday. “Considering growth of the economy and household income, we may start preparations for the re-denomination in 2013,” Yermakova told the national parliament. The chief banker said the country’s monetary authorities would carry out all necessary preparations for a re-denomination only in 2013 but declined to specify a firm date for the move. “As for a possible timeframe for re-denomination, we may consider a ten-year period,” she said. Re-denomination cannot possibly happen next year, as it is inexpedient to re-denominate the national currency in a period of high inflation, she said. “This year, our task is to limit inflation to 19-22 percent. All the zeroes can still be crammed into computers,” she said. In late March, Yermakova said the National Bank of Belarus considered it advisable to re-denominate the national currency if it continued to devalue, instead of printing larger-denomination banknotes. In spring, Belarus issued a 200,000-ruble ($25) banknote. Before that, the largest-denomination banknote in the ex-Soviet republic was worth 100,000 Belarusian rubles. The Belarusian ruble started to come under inflationary pressure in early 2011 due to a large trade deficit, and generous wage increases and loans granted by the government ahead of the December 2010 presidential elections, which returned President Alexander Lukashenko to a fourth term in office. The country’s deteriorating economic and financial performance has earlier prompted Belarus to seek financial aid from the IMF, Russia and the EurAsEC member states.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chief banker preparing for redenomination Arab Today, arab today chief banker preparing for redenomination

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday