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. Last Updated: 07/27/2016

Belarus Ruble Policy




MINSK, Belarus -- Belarus central bank foresees convertibility for the ruble currency in 2000, a senior bank official said Tuesday.


The policy was adopted by the bank late Monday but needs the approval of President Alexander Lukashenko.


Cash-strapped Belarus operates several different exchange rates, introduced over the last year in an effort to shore up its rickety ruble through administrative controls rather than depleting slender reserves on the currency market.


In practice it is extremely difficult to get either cash or non-cash dollars in exchange for Belarussian rubles.