Economy

The President has demanded to reduce the inflation rate ‘even if it causes budget issues’.
The Ministry of Labour and Social Protection plans to do so at the expense of unemployment insurance.
He said that Belarus needs to minimize the interest rate on foreign loans it will take in the coming year.
Belarus’ main financial document will be based on the prices as of January 1, 2016.
The IMF mission is to stay in Belarus for ten days, while the government in Minsk hopes for a positive loan decision.
The launch of the system is planned for the 4th quarter of 2016.
Denomination will be conducted in Belarus on July 1, 2016. Four zeros will be removed from banknotes. Coins will be introduced.
National Bank: Banknotes printed in 2009 are not affected by fungus
Deputy Chairman of the National Bank Dzmitry Lapko spoke at press conference on Thursday.