The financial market of Belarus radically improved in February, BelTA learned from Pavel Kallaur, Chairman of the Board of the National Bank of the Republic of Belarus, on 26 February after the government conference held by the head of state to discuss topical matters concerning social and economic development. “January was a complicated month as far as the development of our economy is concerned. We witnessed certain problems that accumulated on the currency market and the financial market on the whole in December 2014. At the same time the situation radically changed in February. We saw a stable situation primarily on the currency market. The demand of individuals and corporations for foreign currency is satisfied in full. The situation on the deposit market is stable as well,” stated the NBRB head. According to Pavel Kallaur, deposits both in Belarusian rubles and foreign currencies are on the rise. The economy has enough resources to support lending processes. “New approaches to lending have been discussed with the banking system directly. Effective projects are naturally prioritized. At the same time all the temporary restrictions on lending that were introduced in late 2014 were removed,” added the Chairman of the Board of the National Bank of the Republic of Belarus
Written by belta.by
