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. Last Updated: 07/27/2016

Belarus Tightens Conversion

Belarussian President Alexander Lukashenko signed an order requiring more companies to convert foreign-currency revenue into rubles, Interfax reported, citing a statement from the president's press service.

Companies including oil refiners, which are deemed strategic, had been exempted from a rule forcing companies to convert 30 percent of their foreign-currency revenue into rubles, the news service reported Monday.

(Bloomberg)