By Evgeny Pustovoy: According to Nadezhda Ermakova, there are no preconditions for devaluation. As for denomination, it is likely to happen next year. The refinancing rate was reduced in June; now it makes up 23.5%.
Nadezhda Ermakova, Chairperson of the Board of the National Bank of Belarus, Deputy Minister of Commerce: Belarus has never been late with loan repayments. We have paid the internal debts last past year, even in advance. This year we can also pay the domestic debt ahead of schedule.
