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. Last Updated: 07/27/2016

Minsk to Narrow Ruble Rate

MINSK — Belarus will set its currency trading band at 5 percent next year, reversing this summer’s widening which was done to secure cash from the International Monetary Fund, the central bank chief said Saturday.

“The stability of the exchange rate of the national currency will be ensured by a corridor of fluctuations with limits of plus/minus 5 percent,” central bank Chairman Pyotr Prokopovich told a government meeting on forecasts for next year.

(Reuters)