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Former Head Of National Bank Of Belarus: Authorities Conceal Real Inflation In Country

Former Head Of National Bank Of Belarus: Fermentation Taking Place In Many Power Structures, I Expect Uprising

22.05.2021, 8:03 People don t trust the banking system completely. Belarusians continue to withdraw their deposits from banks. According to the latest information, the population took 44% of foreign currency deposits. Charter97.org asked former chairman of the National Bank Stanislau Bahdankevich to comment on the situation in the country: - I assess the situation as extremely critical. The country has a distrust of the banking system and the stability of the national currency. People withdraw their deposits because of the policy of the National Bank, which has lowered deposit rates on term deposits, and for foreign currency, the interest does not exceed two at all. This is not a market rate, but an administrative rate set by the state represented by the National Bank.

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