Yermakova: There may be no IMF credit (online)
The head of the National Bank, Nadzeya Yermakova, is giving a press conference on the day of establishment of the single rouble exchange rate.
Nadzeya Yermakova noted that she would like “the Belarusian rouble to stabilize a bit” at the beginning of the press conference. She says that the dollar should cost 7 or 8 thousands by the end of the year. According to her, there will be no denomination. “The struggle with the inflation depends on every citizen. We should work scrupulously”, - said Yermakova.
Yermakova: The National Bank will not impose sanctions on commercial banks if their capital does not correspond to the existing norms for some time.
"The capital devalued after the first devaluation. However, commercial banks are trying to solve this problem. The state banks have more problems because they are big. The budget is unlikely to be able to allocate money to increase their capital but they can use their income to do it”.
"Communal services to become more expensive by end of year” .
The National Bank is not planning to impose restrictions on the exchange rate commercial banks can establish in their foreign currency exchange offices. “We will not impose any restrictions if the banks do not become naughty”, - said Nadzeya Yermakova.
The National Bank has ordered 200-thousand rouble banknotes. Yermakova: “We are hoping to start using such banknotes at the beginning of 2012”.
