Events

"Our financial market is something ephemeral. Please, put things right here. A person can invest in commodity, currency, or in shares and bonds of enterprises. This is one of the ways to tie the money of people. Both enterprises and the state benefit from this. Instead of applying to banks for loans, a company can issue bonds, collect money and invest it in its own development,” the president noted.

The head of state warned against fraud in this sector. This requires, on the one hand, strict control, and on the other hand, the financial literacy of people and business, said Alexander Lukashenko. He requested the National Bank to sponsor, if necessary, legislative financial market development initiatives, possibly jointly with the government.

The President drew the attention of the National Bank to the need to expand the use of cashless payments as this will improve the monitoring of financial flows in the country. “Non-cash payments should be easy and understandable both to people and businesses. Then this system will become effective and popular,” said the Belarusian leader.

Alexander Lukashenko recalled that the common payment system will be developed in the Eurasian Economic Union. "You need to start preparing for this already today. You need to improve the system of mutual settlements and find profitable schemes for Belarus,” said the head of state.