Single exchange rate to boost investment flow to Belarus

2011-10-20 18:21:41

The single exchange rate in Belarus will contribute to a greater investment flow into the country, leading research associate of the Economy Institute of the National Academy of Sciences of Belarus Ivan Serzhinsky said commenting on the single trading session at the Belarusian Stock and Currency Exchange held on 20 October.

“I believe that the single currency exchange rate will have a positive impact on the national economy, help raise more investments. After all, investment raising is the number one challenge for us now. The single currency exchange rate is a progressive and much anticipated move”, he said.

Ivan Serzhinsky also thinks that the move will help counteract the so-called black economy. “Everybody knows about the shady deals of profiteers on the black market. Thus, the single exchange rate of the Belarusian ruble will become a good stimulus for the overall economic growth,” the expert underlined.