National Bank: the situation in the banking system is stable
On the whole, the situation in the banking system is considered stable by the National Bank. It is largely ensured by irrevocable deposits. Their introduction has solved the problem of both the foreign exchange market and the "balance" of Belarusian banks.
"Depositors under the influence of unfavorable factors can no longer withdraw rouble deposits from banks and convert them into foreign currency almost immediately. And when the market stabilizes, they can convert their savings back. If there is a raid by depositors and most of them want to take their savings back, no banking system can stand it. The banking system will inevitably need support from the regulator and the state. By introducing irrevocable deposits, the risk of a sharp deterioration in the liquidity of the banking system has been significantly reduced".












