Belarusian Currency and Stock Exchange to hold alternative trading next week

Belarusian Currency and Stock Exchange plans to hold the first alternative trading next week to determine the market rate of the Belarusian ruble based on supply and demand.

Journalists learned this from First Deputy Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Nikolay Luzgin, Interfax-Zapad reports.

“After the equilibrium ruble rate is reached, additional measures will be taken regarding buy-sell transactions to stabilize the situation on the domestic currency market with a perspective of establishing a unitary exchange rate in all segments of the market,” Luzgin said.

He did not specify the exact date of returning to a unitary exchange rate based on the equilibrium ruble rate as a result of alternative buy-and-sell trading. Luzgin just noted, “The National Bank will consider additional measures as far as the situation will stabilize.”

He also did not say whether the forecasted fluctuation band of the Belarusian ruble against the currency basket (the US dollar, euro, and Russian ruble) would be preserved this year.