National Bank of Belarus has denied rumors of a devaluation

National Bank of Belarus has denied rumors of a possible devaluation of the Belarusian ruble in his official report on exchange rate policy of the National Bank of Belarus "." In connection with the recent emergence of provocative rumors about a possible devaluation of national currency, have been widely used by individual media and the Internet, the National Bank informs that these rumors in no way correspond to reality. In addition, changes in Belarusian ruble exchange rate beyond the parameters set by the monetary and credit policy of Belarus for 2011 are planned and carried out will not "- said in a statement. National Bank claims that will be carried out strictly in exchange rate policy within the established corridor of acceptable change of the Belarusian ruble to a basket of foreign currencies - plus or minus 8% against the value of the exchange rate prevailing in early 2011 (1057.04 rubles), while ensuring the smoothness and predictability of the dynamics of the course. In this two-way rate of the Belarusian ruble against foreign currencies in the basket of the (U.S. dollar, Euro and Russian ruble), will also vary insignificantly influenced by changes in the mutual exchange of currencies on world markets. "Currently, the sustainability of the national currency as the National Bank has all the appropriate monetary instruments and currency reserves "- the bank said. The level of reserves is sufficient to maintain the stability of the Belarusian ruble and allows fully satisfy the demand for foreign currency by the population, respond to tactical changes in demand on the domestic market, guarantee payments on foreign obligations. It will be recalled that in late February, the Permanent Representative of the International Monetary Fund (IMF) in Belarus, Natalia Kolyadina called on Belarusian authorities to tighten monetary policy and a more "flexible exchange rate policy." We believe that in order to reduce the deficit trade required macroeconomic adjustment - said the IMF representative. - New foreign borrowing to help increase foreign exchange reserves, which is possible only if the trade deficit begins to shrink. "She warned that" foreign funding is not limitless, and depends on the situation in international financial markets, which are now changing rapidly. "Source: NEWSru.com