Updated at 23:19,25-10-2016

Only Euro Rate Rose at BCSE Extra Session

14-10-2011, 14:49
Only Euro Rate Rose at BCSE Extra Session

After regular trading at the extra session of the Belarusian Currency and Stock Exchange on October 14 the rates of the dollar and the Russian ruble have not changed and amounted to Br9.010 per dollar and Br301 per Russian ruble. Only the euro has changed: it has risen up by Br10 to Br12.620.

Meanwhile, the Belarusian ruble has strengthened at the BCSE basic session. Thus, the dollar has fallen by Br6 to Br5.725, euro – by Br41.5 to Br7.873. By contrast, the Russian ruble has strengthened by Br1 to Br184.7.

In Latvia, the purchase dollar rate amounted to Br6.735 at a branch of the Swedish bank SEB, while its sales - Br34.473. Another Latvian bank Norvik set purchase dollar rate at Br8.161 and its selling rate - Br28.667.

Head of the Association of Small and Medium Business (ASaMB) Sergei Balykin believes that there is no real reason for strengthening the national currency. "The economy is pumped with money; prices are rising at a speed of express trains; inflation is going up by the spiral. The demand for hard currency is quite natural in such circumstance. Surely, it entails a decline of the Belarusian ruble," he said.