Central Bank Roundup, December 22, 2015
National Bank of the Republic of Belarus Seeks to Stem FX Reserve Intervention in 2016
The National Bank of the Republic of Belarus plans to keep foreign exchange reserve interventions to a minimum in 2016 to avoid excessive strengthening of the country’s currency – the Belarussian rouble. At the first part of 2015, the central bank liberalized the foreign exchange market. This caused the Belarussian rouble to fall around 30% since the start of 2015. Gold and foreign exchange reserves for Belarus fell by US$ 400 million to US$ 4.6 billion this year. The central bank aims to expand reserves by US$ 300 million in 2016.
BLOCKCHAIN UPDATE: Sir David Walker Joins Setl as Chairman
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