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Belarus Sees $1.5 Billion Foreign Currency Surplus Amidst Domestic Holding Preferences
Belarus' National Bank reported a $1.5 billion surplus in foreign currency sales over purchases in 2022, driven by a real estate boom requiring Belarusian ruble transactions and increased foreign employment among Belarusians, despite many still preferring to hold foreign currency domestically.
Belarus Sees $1.5 Billion Foreign Currency Surplus Amidst Domestic Holding Preferences
Belarus' National Bank reported a $1.5 billion surplus in foreign currency sales over purchases in 2022, driven by a real estate boom requiring Belarusian ruble transactions and increased foreign employment among Belarusians, despite many still preferring to hold foreign currency domestically.
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