Devaluation

The Black Tuesday of the Belarusian Economy

This year's devaluation of Belarusian currency was the largest in the world for the past 20 years, according to the World Bank. Independent media already called the day of official devaluation "the black Tuesday". However, Belarusian state media largely ignore...

31 March 2011

Is Belarus on the Brink of Financial Collapse?

The National Bank of the Republic of Belarus has recently started devaluation of the Belarusian ruble. Foreign currency is now officially allowed to be traded at an exchange rate that is deviating as much as 10 percent from the...

9 January 2009

Forbes: Currency devaluation a shock for Belarussians

MINSK, Jan 8 (Reuters) - A surprise 20 percent devaluation of the Belarussian currency has sent people rushing to shops before prices go up. The devaluation shocked many in this ex-Soviet...