The EEU countries could switch to national currencies (ruble, Belarusian ruble
, Kazakhstani tenge and Armenian dram) in mutual payments by 2025-2030, the chairman of the board of directors of Russia's National Payment Council, Alexander Murychev told the newspaper.
The Belarusian regime desperately needs hard currency at a time when the Belarusian ruble
is declining in value and threatening to go into freefall.
The Belarusian ruble
suffered a three-fold devaluation in 2011, thus likely reducing PPP estimates.
In the first half of 2011, the negative impact on revenues of the 54% devaluation of the Belarusian ruble
against the euro as of May 24, 2011 amounted to EUR 43.
The electronic trading system of the FX market supports trading in the US dollar, euro, Ukrainian hryvnia, Kazakhstan tenge, Belarusian ruble
, Chinese yuan, dual currency basket and currency swaps with a tenor up to 6 months.
Since the beginning of the year the Belarusian Ruble
has devaluated by 31% against the Euro.
BMI Economic View: Inflationary pressures continue to build on account of the recent devaluation of the Belarusian ruble
, with consumer price inflation ticking up to 43.
This is largely attributable to the anticipated depreciation of the Belarusian ruble
1 The price should be formed taking into account all the costs are ex-warehouse to the buyer in the Belarusian ruble
, with the release of
B&B's underwriting results showed a loss in both 2008 and 2009 as a result of the weakening Belarusian ruble
and general deterioration.
The IMF Mission Head remarked, We believe that the National Bank should start raising interest rates on the central bank s operations immediately in order to keep them sustainably positive in real terms in order to secure the protection of Belarusian ruble
The EBITDA decline reflects primarily the impacts from assets sales in 1Q 08 in Bulgaria, the expiry of the national roaming agreement in Croatia and the negative effect of currency translation mainly due to a devaluation of the Belarusian Ruble