Lukashenko signs decree to improve foreign trade regulations
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What Currency Restrictions Belarus May Impose?
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21.04.2021, 15:31
Simple questions and answers.
The authorities are introducing changes in currency regulation and control. Among other things, they will be allowed to open accounts in foreign banks, buy shares and real estate abroad without the consent of the National Bank, and also introduce mandatory registration of some foreign exchange contracts. They also prescribed in what cases officials can introduce currency restrictions when the economic security of the country is threatened. The last clarification raised a lot of questions from Belarusians, tut.by writes.
Why are these innovations being introduced now? Will there be a shortage of currency in exchange offices because of this? Maybe it’s time to withdraw savings from bank accounts?