19.10.2011
Lukashenko predicts stronger ruble at single stock exchange
MINSK, 19 October (BelTA) – The US dollar might fall dramatically against the Belarusian ruble after the start of the single session of the currency exchange. Belarus President Alexander Lukashenko made this forecast at a meeting on 18 October, BelTA learnt from the presidential press service.
“Keep in mind that the US dollar exchange rate will not be the same. We will bring together both sessions and the US dollar will collapse within days. To be honest, we maintained the high US dollar exchange rate without interfering and acted carefully,” the head of state said.
“I see who is placing orders for the dollars, for foreign currency. Those are mainly the so-called self-employed entrepreneurs and those who import non-staple goods. Why would we sell them US dollars cheaply? But the main thing is that companies are not selling foreign currency, they are waiting for the single exchange rate whatever it may be. When the cash streams into the market, those dollars and euro that we spend on gas and so on, the supply of US dollars will be substantial. When the exchange rate reaches equilibrium, a company will sell 30% for sure and will be able to buy and sell foreign currency at the same price,” Alexander Lukashenko said.
“You should keep this in mind, too, and not adjust to the exchange rate that now makes Br8,000 or Br9,000,” the Belarusian leader added.
“Keep in mind that the US dollar exchange rate will not be the same. We will bring together both sessions and the US dollar will collapse within days. To be honest, we maintained the high US dollar exchange rate without interfering and acted carefully,” the head of state said.
“I see who is placing orders for the dollars, for foreign currency. Those are mainly the so-called self-employed entrepreneurs and those who import non-staple goods. Why would we sell them US dollars cheaply? But the main thing is that companies are not selling foreign currency, they are waiting for the single exchange rate whatever it may be. When the cash streams into the market, those dollars and euro that we spend on gas and so on, the supply of US dollars will be substantial. When the exchange rate reaches equilibrium, a company will sell 30% for sure and will be able to buy and sell foreign currency at the same price,” Alexander Lukashenko said.
“You should keep this in mind, too, and not adjust to the exchange rate that now makes Br8,000 or Br9,000,” the Belarusian leader added.