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Rubel up against US dollar, euro, yuan at BCSE on February 12
February 12, Pozirk. The rubel has strengthened to 2.8644 against the US dollar at the Belarusian Currency and Stock Exchange (BCSE).
The Belarusian currency also climbed to 3.4011 per euro and 4.1509 per 10 yuan but dropped to 3.7207 per 100 Russian rubles.
Last week (February 2-6), the rubel lost 1.24 percent against the US dollar, 1.61 percent against the yuan and 0.21 against the euro but rose 0.56 percent against the Russian ruble.
The Belarusian currency gained 1.83 percent against the dollar in January.
Sustainable instability: Why Belarusians sell foreign cash
Belarusians have been selling more foreign cash than they buy, effectively becoming a key shock absorber in the country’s financial system. This trend persists despite a significant rise in household incomes. In the past, higher wages often translated into stronger …
