“The situation in the currency market was rather changeable in August. The complicated post-election public and political situation caused anxiety among the population about the stability of the economy. This resulted in an increased demand for currency. Until the late August demand for foreign currency from individuals was on a constant increase,” Dmitry Murin said.
Then legal entities started purchasing foreign currency very actively. “It was clearly seen that this additional demand was connected neither with the production activity of enterprises, nor with the need to repay foreign currency loans. Everyone decided to play ‘financial roulette'. It seems that many of them bought the currency at the highest rate for the moment. In recent days there has been no significant excess of demand over supply at the trading. Therefore, there is hope that the situation in the currency market will stabilize in the near future,” the representative of the National Bank said.
Written by belta.by
