ZCZC
BCN-30
BELARUS-FOREIGN-CURRENCY-SALE
Belarus abolishes mandatory foreign currency sale
MINSK, Aug. 4, 2028 (BSS/Xinhua) – Belarusian enterprises are no longer
required to sell their foreign exchange earnings, local media reported.
The new rule, aimed at liberating foreign currency markets and stimulating
business activity, came into force this week under a presidential decree.
Belarusian exporters had to sell part of their foreign exchange earnings
to ensure a guaranteed foreign exchange offer. The maximum standard was 50
percent. In previous years, the amount of mandatory foreign currency sales in
the country was consistently reduced.
Before the decree was signed, Belarusian companies were required to sell
10 percent of their foreign currency proceeds, but they had been voluntarily
selling about 50 percent, driven by their demand for Belarusian rubles.
BSS/XINHUA/HR/1452