BELARUS NEWS AND ANALYSIS
DATE:
12/11/2010
Lukashenko says no currency devaluation in Belarus
MINSK, November 12 (Itar-Tass) - Belarus' President Alexander Lukashenko has pledged that the country will face no devaluation of the national currency.
"We plan no devaluation," he said at the meeting with residents of Borisov, over 70 kilometers from Minsk.
He called on citizens not to make haste and not to exchange savings into dollars.
"The United States decided to support its economy injecting into it 600 billion dollars as a minimum. In such cases currency devaluation usually takes place, therefore be careful," Lukashenko said.
The president underlined that stability of the national currency is proved by a growing volume of gold and gold exchange reserves.
"We will soon open our reserves and show how much gold we've accumulated," Lukashenko said.
Source:
http://www.itar-tass.com/eng/level2.html?NewsID=15675792&PageNum=0
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