NB: Gold sold only for dollars

The National Bank of Belarus on April 15 suspended the sale of precious metals in small bars (gold, silver, platinum) in Belarusian rubles, Interfax-West.

The site of the National Bank of the sale price for individuals and businesses and banks are set in U.S. dollars only. Repurchase price of bullion set in Belarusian rubles.

According to the National Bank, the volume of sales of gold bullions in the I quarter 2011and increased 4-fold compared with I quarter 2010 and amounted to 680.338 kg.

Experts believe that the sharp rise in demand for gold caused by lack of currency for kanvertavannya ruble funds that accumulate in the population Lately, removing the ruble deposits and obtaining personal loans in the national currency in the wake of the devaluation expectations.

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