For foreign exchange intervention but credit

Society
National Bank of Belarus will not resume foreign exchange interventions, at least as long as the loans are received from the EurAsEC Anti-Crisis Fund. A credit rating agency Standard & Poor's placed the ratings of Minsk at "B" on CreditWatch with "negative" outlook.

National Bank of Belarus will not resume foreign exchange interventions — least before entering foreign loans. About This was reported Interfax source in the bodies of state administration.

"As long as the intervention is not — there are no sources for this. No sources, no new loans," — said the source, commenting on the position of the National Bank on ensuring the domestic foreign exchange market on the exchange of real property.

The interviewee did not rule out that under these conditions the National Bank may increase the mandatory sale of foreign currency earnings, which so far is 30%.

Meanwhile rating agency Standard & Poor's placed the ratings of Minsk at "B" on CreditWatch with "negative" outlook.

"May 27 2011and we placed the ratings of Belarus in the list CreditWatch ("ratings on review") with a negative outlook. As a result, we place the rating of the city of Minsk, capital of Belarus, on CreditWatch with negative implications, as the rating is limited to the sovereign rating of Belarus, "- said in a press release from the agency.

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