Central Bank of Belarus

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In December 1990, the Supreme Soviet of the Belorussian Soviet Socialist Republic passed the Laws "On the National Bank of the Republic of Belarus" and "On Banks and Banking Activities in the Republic of Belarus". All institutions of the USSR banks on Belarussian territory were declared the property of the country. The National Bank of the Republic of Belarus was established on the basis of the Belorussian Republican Bank of the USSR State Bank. Specialized state banks were transformed into joint-stock commercial banks – Belagroprombank, Belvnesheconombank, Belbusinessbank, Belpromstroibank, as well as Savings Bank.





 

The President of the Republic of Belarus approves the Statute of the National Bank and modifications and/or amendments thereto; The President of the Republic of Belarus appoints, with the consent of the Council of the Republic of the National Assembly of the Republic of Belarus, the Chairman and the Members of the Board of the National Bank, and removes them from their positions notifying the Council of the Republic of the National Assembly of the Republic of Belarus accordingly; The President of the Republic of Belarus designates an auditor to examine the activity of the National Bank; The President of the Republic of Belarus approves the annual report of the National Bank with due account for the opinion of the auditor and the distribution of the National Bank's profit.

protecting the Belarusian ruble and ensuring its stability, including its purchasing power and the rate of exchange relative to foreign currencies;  developing and strengthening the banking system of the Republic of Belarus;  ensuring efficient, reliable, and secure functioning of the payment system. Gaining profit is not the main objective of the National Bank. 

   





issue money; regulate money circulation; regulate credit relations; arrange for the functioning of the payments system of the Republic of Belarus; act as the lender of last resort with respect to banks and provide refinancing ; carry out foreign exchange regulation;



From 1990 till now there were five heads of the National Bank Tamara Vinnikova (1996 -1997) Genadiy Aleynikov (1997 – 1998) Piotr Prokopovich (1998 – 2011)

Stanislav Bogdankevich (1990 – 1996)

Nadejda Ermakova



National currency of the Republic of Belarus is belarussian ruble

in January 2009 by 20%

in May 2011 by 56%

in October 2011 by 52%

exchange rate

US dollar Euro Russian ruble

2650 3703 90,16

4930 6914,82 173,95

8680 11900 277

Interest rates, at the

begining of the year
18,00 16,00 14,00 12,00 2005 2006 2007 2008 2009 2010

Interest rates in 2011
50 45 40 35 30 25 20 15 10 5 12 13 14 16 18 20 22 27 30 Interest rates in 2011 35 40 45

10,00
8,00 6,00 4,00 2,00

0,00
2005 2006 2007 2008 2009 2010

0

Inflation rates in Belarus
60
53,23 50

40

30

Inflation rates

20 10,34 10 7,03

14,84 8,42

12,95

7,74

0 2005 2006 2007 2008 2009 2010 2011



In 2010 the cap for public debt set by goverment was 2 billion dollars, in 2011 it was raised to 13 billion.

Public debt in % to GDP
25

20

19,19

19,59

15
10,66 10 6,57 5 6,64 8,91 Public debt

0 2005 2006 2007 2008 2009 2010

2005

2011
Production Industry

14 31,1

13,3 Agriculture 31,7 Construction 19,9 Transport and communication Trade Other economic activities Taxes

22,4

8,4 9,3 8,1 12,5 6,7 7,2 6,8

8,6

Despite the fact that the main source of income in Belarus is export of goods, Belarus has negative trade balance. Export and import of goods in Belarus, mln. $
Year
Export Import Delta
2002 8 021 9 092 -1 071 2003 9 946 11 558 -1 612 2004 13 774 16 491 -2 717 2005 15 979 16 708 -729 2006 19 734 22 351 -2 617 2007 24 275 28 693 -4 418 2008 32 571 39 381 -6 810 2009 21 304 28 569 -7 265 2010 25 284 34 884 -9 600 2011 41 419 45 759 -4 340

1. 2. 3. 4. 5.

www.belstat.gov.by...
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