In ten days of the Russian-Ukrainian war, the official dollar exchange rate against the Belarusian ruble increased by 17.3%

March 8, BPN. In the ten days since the Russian invasion of Ukraine (February 24 to March 5), the official US dollar exchange rate against the Belarusian ruble increased by 17.3% (from BYN 2.6419 to BYN 3.0995).

As follows from the BPN analysis, Belarus ranks second in terms of exchange rate growth in the former Soviet Union after Russia, where the US dollar exchange rate increased by 31.6% (from RUB 80.4194 to RUB 105.8124).

Europe, the United States, as well as a lot of major businesses have imposed sanctions against Russia and Belarus, as the latter is considered an accomplice to the invasion.

Kyrgyzstan, which sided with the Kremlin, ranks third with an increase of 15.2% (from KGS 84.8000 to KGS 97.6737).

It is followed by Kazakhstan with 14.2% (from KZT 437.22 to KZT 499.20), Georgia with 8.6% (from GEL 3.0162 to GEL 3.2744), Armenia with 4.9% (from AMD 479.78 to AMD 503.08), Latvia, Lithuania, Estonia with 3.8% (from EUR 0.8815 to EUR 0.9150), Moldova with 2.1% (from MDL 17.9476 to MDL 18.3319), Uzbekistan with 0.6% (from UZS 10,840.28 to UZS 10,900.25).

The rates did not change in Azerbaijan, Tajikistan, and Turkmenistan (AZN 1.7, TJS 11.3, and TMT 3.5 respectively).

In Ukraine, the foreign exchange market was suspended since the war started, and the official US dollar exchange rate did not change (UAH 29.2549).

The US dollar exchange rate of Ukraine’s other neighbours significantly increased during the last ten days: in Hungary by 10.4% (from HUF 313.97 to HUF 346.54), in Poland by 9.9% (from PLN 3.9937 to PLN 4.3910), in the Czech Republic (not bordering with Ukraine) by 9.2% (from CZK 21.574 to CZK 23.549), in Romania by 3.3% (from RON 4.3564 to RON 4.4984). Slovakia, along with the Baltic countries, is part of the euro zone.