Minsk expects the devaluation of the dollar and the Chinese recommendations

Society
Almost three months ago, on March 22, the National Bank stopped selling currency to commercial banks for exchange, which led to the disappearance of the free sale of not only dollars, euros and Russian rubles, but the Ukrainian hryvnia, the Polish zloty, the Lithuanian litas. The result was indeterminate in terms of hype around foreign money and its total deficit. What is the situation on the currency market today?

The age of three months, as the chairman of the National Bank Petr Prokopovich reporting to Alexander Lukashenko, said state and commercial banks fully satisfy the public demand for currency. He assured that if there is no one-time devaluation in Belarus will be: "Our experience shows that devaluation — a bad decision for the Belarusians." According to Analyst Roman Kostitsyn, that instead of these statements the authorities recognized the obvious loss of control over the processes, the situation would have been different:

"You know the phrase, expressed Prakapovich, dates from the middle of March.

If in the middle of March this phrase went concrete actions and comments relevant information, the course now would be within 3,600 rubles to the dollar, and everything would be fine …

It was a completely different time, but from the point of view of today — a completely different era. If in the middle of March this phrase went concrete actions and comments relevant information, the course now would be within 3,600 rubles to the dollar, and everything would be fine. We have already held a job at overcoming challenges, and did not prepare for this, full of hardship and sleepless nights, the work that we have yet to do. And since it is not the rate-5000, and more significant, since it is difficult even to predict what may be further jump. Therefore, to refer to that phrase I particularly do not see the point. "

At Friday's press conference, Alexander Lukashenko promised to stabilize the foreign exchange market for "a couple of months." But did not specify what methods and what disturbed to prevent a collapse today. But once again criticized the Belarusians for creating turmoil on the currency market and attempts to convert rubles into dollars — Lukashenko predicted to fall sharply "drop in the value of U.S. paper money."

A former employee of the banking sector Oleg Dragoon convinced that such a statement — a "horror stories" for the uninformed. And after, the Belarusian ruble has depreciated by half, to scare people, "the devaluation of the dollar," — too cocky:

"Every normal country, perhaps, understand to what extent can the devaluation of conduct. But losing priority global currency — I think it is quite doubtful. Scheme is simple: save money — actually got a commodity loan. Difference is this: is a piece of paper, and meet her goods, as well? And it would be unwise to lose this monopoly. course, I can not be responsible for any economic layout of the Federal Reserve and the U.S. government, but I'm purely in life thinking, with its bell tower. To some extent, this is all You can spend, because it is profitable, but is not profitable. powerful country, the economy is strong, and almost always these fluctuations occur. "

In the departments in charge of the economy, optimism about the imminent release of the paralysis is more restrained: a single exchange rate, the total for all segments of the market, is expected to leave at the end of the year.

In general, from the mouth of the officials of the highest rank promises address sounded more than once. But even the 56 percent devaluation of the ruble has not led to positive changes — people are completely lost confidence in the financial system and suffered no monetary savings in the exchangers, as it had hoped in the National Bank. On the contrary, much of the available transactions as well as a non-cash money went underground. Says One of the Minsk entrepreneurs responsible for the criminalization of forced financial sector rests on the conscience of the state:

"Frankly speaking, if someone is very afraid to pay in dollars or buy for dollars. There has never been such an issue to settle

No one in his hands ever so take the money, there are different conditions: leave, hiding behind the 20 meters of the box, transfer papers …

dollars. Everything is done sensibly, quietly thoughtful matching circuit. No one in his hands ever so take the money, there are different conditions: leave, hiding behind the 20 meters of the box, transfer papers. But the fact is that when he was supposedly stable, as it was thought, the ruble and for him could easy to fly, the Belarusian people spent money. And we have to go to these Belarusian exchangers gained currency. If a person really hard to pass the 5 bucks and he asked to list, we did not refuse. Perhaps for an expensive fur coat mainly currency and calculated earlier, but most of all, here schemes are flexible. Nothing new here I do not give out, everybody knows about it. "

Correct financial omissions Belarusian authorities are trying to attract primarily through loans. However, the country's image tainted by political repression and persecution of dissent, the regime closes many doors. Another attempt to Alexander Lukashenko did today: meeting with representatives of the Department of the financial market of the People's Bank of China, the Belarusian leader asked advice on strategies for action in the foreign exchange market, in particular — that the work of the National Bank.

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