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Digest
1996
Digest
of
January
1997
Digest
of
February
1997
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Join Against Inflation.
An agreement between the Central Bank of Russia and the National Bank
of Belarus about coordination of actions in the field of policy of exchange
rates of native currencies was signed. Alexander Potyomkin, the vice-chairman
of Russian CB informed about that at the press-conference. The agreement
provides for co-existence of the two currencies and the possibility of
their conversion.
Belarus cancels all limitations for conducting of currency operations
for residents. The official currency rate will be formed not according
to the instructions from above, but on the ground of supply and demand,
and the united exchange rate will be set up on all segments of the market.
And from the 1st of August, according to the agreement, the parties calculate
to stabilize the rate of Belarussian rouble with regard to both a dollar
and a rouble, that will provide the acces of the National Bank of Belarus
to the Russian market.
Valery Stepanov.
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