The President’s Decree 505 has approved the main directions of Belarus’ monetary and credit policy for 2016. Its priority objective is to reduce inflation to 12 percent. A flexible exchange rate policy provides for exchange rate dynamics on the basis of supply and demand in the foreign exchange market. The gold and currency reserves are planned to be increased by 0.3 billion dollars. The refinancing rate is expected to fall from 21 to 24 percent per annum by the end of 2016. The increase in banks' claims on the economy is projected at 14-18 percent.
President approves main directions of Belarus’ monetary policy for 2016
19 декабря 2015












