Support The Moscow Times!

Minsk Banks Want Currency

Belarussian banks are waiting for "credible signals" the government will ensure access to foreign currency after the ruble's 36 percent devaluation last month, according to the deputy chairman of the country's second-biggest state-run lender.

"This signal must be strong enough for the people to believe that the worst of the crisis is over," Siarhei Chuhai, deputy chairman of state-run Belagroprombank, Belarus' second-biggest bank by assets, said in an interview in London. "The question of making foreign currency available is key. Everyone is waiting to hear an answer to this question."

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.