OREANDA-NEWS. October 30, 2009. There will be no drastic changes of the exchange rate of the national currency and no drastic devaluation in Belarus, Chairman of the Board of the National Bank of Belarus (NBRB) Piotr Prokopovich told media on 29 October.

IMF experts believe that the NBRB’s current policy is fit for the present day reality and there is no sense in changing it. “Therefore no drastic moves, no sudden devaluation is going to happen,” Piotr Prokopovich made it clear.

Speaking about the exchange rate policy in Belarus in 2010, the NBRB head remarked that the draft Major Monetary Management Guidelines for 2010 expect the value of the basket of foreign currencies to vary by plus/minus 5% at most. If necessary, the NBRB can raise the limit to 10%. In June 2009 the National Bank expanded the allowed range of fluctuations of the Belarusian ruble exchange rate against the basket of foreign currencies from plus/minus 5% to plus/minus 10%.

Piotr Prokopovich added that the Major Monetary Management Guidelines are still being discussed. Once the document is adopted, it will be possible to talk about the next year’s exchange rate policy in more detail.