Updated at 16:11,02-12-2016

Lukashenko: National Bank forced to confront the strengthening of the exchange rate

The national currency rate is being strengthened, Alexander Lukashenko said during the message to the Belarusian people and parliament.

The president said that in recent years the population sold $1.5 billion, and bought only one billion.

"National Bank is even forced to confront a sharp strengthening of the exchange rate to prevent the worsening terms of foreign trade", Lukashenko said.

The President said that exchange rates are formed as a result of open, transparent auctions. However, he added that "sharp fluctuations should not be allowed anymore".