Другие материалы рубрики «English»
- Authorities set to change university admission rules
The government is drawing up a presidential edict that will introduce changes to the rules of admission to schools of higher learning and vocational schools.
- Prominent businessman Uladzimir Yaprytsaw, his son Kazbek may be sentenced to 10 years in prison
Uladzimir and Kazbek Yapryntsaw were arrested in August last year.
- Permanent council of pro-democracy organizations to be established in Belarus
- KGB completes investigation into charges against businessman Yapryntsaw, his son
- Opposition organizations drawing up preliminary lists of parliamentary hopefuls
- Five-year social and economic development to be adopted at All-Belarusian People’s Assembly
- Lukashenka said to have won with 83.49 percent
- Opposition activists stage Chernobyl anniversary march in Minsk
- Firefighters hold stair-climbing race in Minsk
- Writer Aleksiyevich attends launch event for collection of her interviews, speeches
- Rescuers stage massive exercise at sports center in Minsk
- Revelers in Minsk celebrate end of Butter Week
Devaluation of national currency is blessing for export-oriented economy, Lukashenka says
The devaluation of the national currency is a blessing for an export-oriented economy, Alyaksandr Lukashenka said at a news conference that he held in the National Library in Minsk on Friday.
Devaluation is a "difficult thing," and this is clear from the current situation in the country, the Belarusian leader noted. "However, any process has two sides," he said. "The devaluation of the national currency also has the other side. It is a blessing for an export-oriented economy. And today export-oriented enterprises have decent money."
The rubel was devalued for the first time in 2009 because Belarus needed a loan from the International Monetary Fund, Mr. Lukashenka said. "But we didn't eat through that money then and took advantage of the situation," he said. "But we found ourselves in such a situation again amid rising prices of energy resources because the gold and foreign exchange reserves are insufficient."
It is now necessary to take advantage of the devaluation and invest foreign currency proceeds in modernization and measures to improve the quality of products, Mr. Lukashenka said.
"Yes, unfortunately, we have already twice resorted to this unpopular measure," he said. "But we haven't perished, have we? We lived decently after that devaluation and will live decently after this one. But there will no longer be such a scale in housing construction and agriculture. Nor do we need it or would have it if we needed it. We won't have such a scale any more, we'll have a more careful policy." //BelaPAN