Dollar’s average exchange rate projected to rise to 3,100 rubels in 2010
30 îêòÿáðÿ 2009, 15:32
The Belarusian government projects the US dollar’s exchange rate against the Belarusian currency to average out at 3,100 rubels in 2010, Mikhail Kavalyow, dean of Belarusian State University’s Economy faculty, said at an international conference in Minsk on October 29.
He referred to next year’s draft budget estimates prepared by the government.
The educator said that the government’s social and economic development targets for 2010 suggested that "there seems to be no devaluation in store for next year.""We will hope for this," he added.
Marek Belka, director of the International Monetary Fund’s European Department, said earlier this year that there was no need for the Belarusian government to further weaken the rubel against major world currencies.
The National Bank devalued the rubel by 20.45 percent this past January and the currency has weakened against the US dollar and the euro since by 3.5 and 9.2 more percent, respectively. One US dollar bought 2,743 rubels on October 29.