Events

MINSK, 6 September (BelTA) – The Belarusian ruble is not going to be devalued to suit needs of the production sector. The statement was made by President of Belarus Alexander Lukashenko as he visited the Belarusian bike manufacturer OAO Motovelo on 6 September, BelTA has learned.

“The Belarusian ruble is not going to be devalued to suit needs of the production sector. The Belarusian ruble will grow stronger or weaker depending on demand and supply,” stressed the head of state. He remarked that the increased demand for foreign currency had weakened the Belarusian ruble somewhat.

“The National Bank must not artificially slow down anything or waste gold and forex resources,” said the President. “Those are sacred! I cannot give you the reserves, which are meant to pay for three months of imported oil, gas, medications in a time of dire need,” Alexander Lukashenko told heads of production sector enterprises. “You make tractors, automobiles, and the rest. Go and sell them to earn foreign currency for your living”.

“There will be no artificial devaluation to make your lives easier and to improve export,” stressed the President. “I cannot throw the country under the feet of five directors, who don’t do a thing these days,” added the head of state.