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Belarus President: The currency crisis is triggered from the outside

MINSK, 31 October (BelTA) – Belarus’ currency crisis has been triggered by 90% from the outside, Belarus President Alexander Lukashenko said in his speech at the Tajik Technical University named after Academician M.S. Osimi on 29 October.

He stated that unfortunately the Belarusian open economy cannot be fully protected from negative influences coming from the outside. “This year the country faced certain difficulties on its currency market which, by the way, had been initiated by 90% from the outside,” the Belarusian leader noted.

According to Alexander Lukashenko, the prices for Russian energy resources have recently soared. “We have also experienced a number of disadvantages of joining the single economic space,” said the President taking note of a large-scale import of second-hand transport vehicles triggered by increased customs duties.

“We have also put restrictions on the sales of foreign currency what led to several foreign currency exchange rates,” the head of state noted.

“Fortunately we have been able to reach the single exchange rate of the Belarusian ruble. We made our best to build a healthy financial system,” the President said. He noted that amid the amounting crisis the country was able to preserve its economic growth, maintain the low unemployment rate and state social guarantees.

Alexander Lukashenko noted that today many countries are facing serious financial difficulties and the financial systems of a number of countries and even whole regions are on the brink of collapse. “Let us take, for instance, Europe that has always been an example of prosperity and stability. Today Greece is on the edge of default, with Spain, Portugal, Italy, Ireland and other countries approaching this line,” the Belarusian leader said.