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16 Jan 2015

Lukashenko demands measures to reduce inflation, promote public trust in national currency

MINSK, 16 January (BelTA) – The National Bank of the Republic of Belarus (NBRB) should take necessary measures to reduce inflation and promote public trust in the national currency, President Alexander Lukashenko said introducing new Head of the Board of the National Bank of the Republic of Belarus to MPs at the seventh special session of the Council of the Republic of the National Assembly of Belarus on 16 January, BelTA has learned.

The head of state emphasized that certain steps had already been taken. “All future decisions of the central bank should be more understandable and predictable for people and business,” Alexander Lukashenko said.

According to the President, today the most important task is to secure sustainable and balanced economic development. In his words, the National Bank and the banking system should play an important role there.

Alexander Lukashenko expects the efficient work from the new head of the National Bank and also the initiatives that can bring practical results. “You should serve the state and the people. We expect rational and balanced decisions from you, close cooperation with lawmakers and other branches of the government on the most crucial financial issues,” the head of state said. Alexander Lukashenko noted that the Chairman of the Board of the National Bank and the Prime Minister are the persons responsible for all the processes in the national economy and finances.

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