{"id":112490,"date":"2024-11-04T13:24:09","date_gmt":"2024-11-04T10:24:09","guid":{"rendered":"https:\/\/pozirk.online\/en\/news\/112490\/"},"modified":"2026-03-09T20:10:49","modified_gmt":"2026-03-09T20:10:49","slug":"currency-weakening-not-harbinger-of-collapse-expert","status":"publish","type":"articles","link":"https:\/\/pozirk.online\/en\/news\/112490\/","title":{"rendered":"Currency weakening not harbinger of collapse \u2013 expert"},"content":{"rendered":"\n

November 4, Pozirk<\/em>.<\/strong> Anatol Charyton\u010dyk, a senior researcher with the BEROC think tank, has dismissed fears of an imminent sharp currency depreciation in Belarus.<\/p>\n\n\n\n

The Belarusian government has gained enough experience in dealing with economic issues despite its reliance on some outdated counter-effective practices, he said.<\/p>\n\n\n\n

Fears have been fanned by the weakening of the Belarusian currency against the US dollar in the last few weeks. The rubel lost 4.44 percent against the dollar in the first ten months of 2024.<\/p>\n\n\n\n

In an apparent reference to the central bank\u2019s floating exchange rate system, he noted that exchange rate flexibility helped avoid the excessive overvaluation of the national currency as opposed to fixed rates that had resulted in sharp depreciation in 2011 or 2015.<\/p>\n\n\n\n

Floating exchange rates act as shock absorbers, mitigating negative consequences for the economy and the population, he added. The economy would be even more resilient if the National Bank of Belarus enjoyed greater operational and institutional independence, Charyton\u010dyk said.<\/p>\n\n\n\n

It would take a global financial crisis or a collapse of the Russian economy combined with a poor response by Belarusian authorities to trigger hyperinflation in Belarus, he noted.<\/p>\n\n\n\n

In the last few weeks, Belarusian officials have indicated on several occasions that the government is planning to ease price controls introduced after Russia’s full-scale invasion of Ukraine in 2022.<\/p>\n\n\n\n

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