Cash in circulation up 7.3 percent since January – central bank

May 15, Pozirk. Belarus’ cash in circulation (M0) rose by 7.3 percent to 10.2 billion rubels (about $3.1 billion at the current exchange rate) on May 1 since January 1, the National Bank said.

Transferable deposits fell by 4.3 percent to 24.5 billion rubels, while broad money supply (M3) rose by 2.8 percent to 77.8 billion rubels and rubel money supply (M2) by 0.8 percent to 40.6 billion rubel.

Siarhiej Kalečyc, first deputy head of the National Bank, said last year that broad money supply growth will be kept in the range of 12 to 16 percent to spur businesses and keep inflation risks in check.

The rubel monetary base is slated to rise between 10 and 12 percent in 2024.

Economy

Economy

Rubel up against US dollar, yuan at BCSE

May 15, Pozirk. The rubel has strengthened to 3.2243 against the US dollar at the May 15 trading session of the Belarusian Currency and Stock Exchange (BCSE). It also climbed to 4.4276 per 10 Chinese yuan but fell to 3.4777 …

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