29 March 2024, Friday, 16:15
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Authorities Take Interest To Citizens’ Private Savings

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Authorities Take Interest To Citizens’ Private Savings

The state wants to “extract” the 0,5 billion dollars of the citizens’ savings which are stored in the banks.

Nowhere near all the foreign currency savings of Belarusians are stored in the form of bank deposits today.

Next year, the authorities plan to increase the forex reserves by $ 500 million. They plan to complete this mission also for the cost of buying currency at the domestic market. The people willingly give up the bank deposits this year, and get their money from under the mattresses to secure themselves a more decent life.

The people’s bank capital amounts to $ 10 million

According to the information of August 1, the volume of the population’s deposits in the bank system made Br 19,25 billion, which is practically $ 10 billion in the equivalent. This sum includes both fixed-term deposits of the population, and the transferable deposits, which consist mostly of the money on the bank cards.

Herein, over 75% of this sum falls on the foreign currency deposits — the transferable and fixed-term deposits of the population in the freely convertible currency were equivalent to $7,65 billion on August 1.

Seven banks, the portfolio of all the population’s deposits in which amounted to Br 17,4 billion on August 1, are playing the leading role at the market of deposits.

As for the banks, the situation on August 1 looked as follows: the scope of the population’s deposits in “Belarusbank” made Br 8,5 billion, in “Belargroprombank” — Br 3,3 billion, in “BPS-Sberbank” — Br 1,6 billion, in “Belinvestbank” — Br 1,3 billion, in “Priorbank” — almost Br 1 billion, in “Belgasprombank” and “Bank BelVEB” — Br 0,87 and 0,83 billion respectively, BelaPAN reports.

Thus, 90% of all deposits (in Belarusian rubles and foreign currency) of the population are stored in the mentioned seven Belarusian banks.

It should be noted that since the beginning of the year the volume of ruble deposits of the population has not changed – on August 1, the transferable and fixed-term deposits of individuals in the national currency amounted to Br 4 billion.

As for the foreign currency savings of individuals, there have become much less of them in the banks: if in the beginning of the year the foreign currency bank deposits of the population amounted to $ 8,2 billion, on August 1 they made $ 7,65 billion.

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