Updated at 11:30,08-12-2016

Lukashenka tasks National Bank with ensuring sustainable functioning of exchange market

Alyaksandr Lukashenka set the National Bank of Belarus (NBB) the task of meeting all targets regarding the sustainable functioning of the exchange market, while meeting with NBB head Nadzeya Yermakova on Monday.

The Belarusian leader stressed that Belarus' gold and foreign exchange reserves should be as large as the government’s target.

Ms. Yermakova reported to the head of state on the situation in the exchange market, lending to the economy, individuals’ bank deposits and loans issued to households, including housing loans.

Mr. Lukashenka pointed out that the government in cooperation with the National Bank should keep inflation within the target band.

He suggested that the NB should pay particular attention to measures to boost exports. Ms. Yermakova said that there were all necessary conditions to increase exports, which she said would guarantee prompt and full payments on external loans and the keeping of the gold and foreign exchange reserves at a safe level.