Minsk will allow banks to buy foreign currency without the application from 1 April

The National Bank of Belarus on April 1, revoke the last week, increasing to 30 days to meet deadlines of applications to purchase foreign currency in exchange for the banks, National Bank said on Wednesday. Faced with acute shortage of foreign currency, the Belarusian authorities since the beginning of the year have introduced a number of restrictions on foreign exchange market, including increased life satisfaction of banks' bids to buy currency at the exchange from 1 to 30 days, effectively stopping the sale of foreign currency at the exchange until mid-April. "From April 1, 2011 reservation of funds by banks to purchase foreign currency will be carried out in the former regime - one working day prior to bidding," - said in a statement. On Tuesday, the National Bank also stopped the sale of banks to provide currency exchange services. National Bank said that after the cancellation of reservation procedures for acquiring foreign currency will not be free as before. "Responding to requests to purchase foreign currency in the course of trading will be done within the total amount of bids to sell foreign currency, taking into account the following priority of purchased foreign currency: to pay for medications for the delivered natural gas to the republic for the repayment of loans in foreign currency, - said in a statement. In this case, National Bank says it will not spend reserves to ensure the currency market, which will be provided by proceeds of enterprises exporting. "The needs of business entities of the Republic in foreign currency will be sent to the entire volume coming into the country of foreign currency from exports of goods and services without any restrictions," - said in a statement. In Belarus, the rule according to which exporters have to sell 30 percent of its foreign exchange earnings on the exchange. Since the beginning of the Belarusian National Bank's international reserves fell by $ 1 billion to $ 4.0 billion as of March 1, National Bank promised to increase them to $ 10 billion. The Belarusian delegation on Wednesday discussed with the Russian Ministry of Finance allocation Belarus credit of $ 1.0 billion to support the economy. Minsk is also requested another $ 2.0 billion in Russian-controlled anti-crisis fund EurAsEC. Uncertain situation in the foreign exchange market and the imposition of restrictions led to increased prices for imported consumer goods, and forced some companies and banks to set their exchange rates. On materials: BANKIR.ru