BELARUS NEWS AND ANALYSIS
DATE:
22/03/2011
Belarus Central Bank Stops Selling Foreign Currency To Banks
MOSCOW (Dow Jones)--Belarus's central bank has stopped selling foreign currency to the country's banks, a spokesman said Tuesday.
However, the regulator won't stop commercial banks in Belarus from acquiring and trading foreign currency on the interbank market, the spokesman said.
Standard & Poor's Corp. one week ago cut its rating on Belarus's long-term debt to "B" from "B+," warning that the country was rapidly running out of foreign currency, as residents lined up at foreign-exchange offices in Minsk seeking to convert Belarussian rubles.
-By Olga Tomashevskaya and William Mauldin, Dow Jones Newswires; +7 495 232-9192, william.mauldin@dowjones.com
Source:
http://online.wsj.com/article/BT-CO-20110322-704862.html
blog comments powered by Disqus
Archive
Subscribe Daily Newsletter:
