Stability of the national currency positively influences the investment climate in Belarus. This opinion was voiced by Alexander Sabodin, Development Director of LLC "FTM Brokers" during an online conference on the BELTA website.
"The stability of the national currency has a beneficial effect on the business climate in Belarus, as the currency risks for business decrease, investors can calculate long-term business plans, which ultimately will have a positive effect on the economic activity of market participants," the expert said.
According to him, the dynamics of the Belarusian ruble exchange rate shows much less volatility than the fluctuations of many world currencies relative to each other.
According to the National Bank, the official rate of the Belarusian currency since the beginning of this year has changed less than 1% against the US dollar and slightly more than 1% to the euro. The outsider in the Belarusian currency basket is the Russian ruble, whose losses in 2018 amounted to 8%. This is due to the dynamics of the exchange rate of the Russian currency in the world foreign exchange market.
"In general, the Belarusian ruble has strengthened to the basket of currencies by 4% since the beginning of this year, while at the world currency market, the euro / US dollar pair, after setting a maximum in February this year at 1.2555 decreased to 1.16 - by 7.6%, "the analyst stated.
Read completely: http://www.belta.by/economics/view/stabilnost-natsionalnoj-valjuty-blagoprijatno-vlijaet-na-investitsionnyj-klimat-v-belarusi-ekspert-311906-2018/
STABILITY OF NATIONAL CURRENCY POSITIVELY AFFECTS INVESTMENT CLIMATE IN BELARUS
30 July 2018