devaluation of the ruble in Belarus was inevitable. The country has a high negative balance of trade and small reserves. Such an economy exposed to risks of currency panics. Belarusian Central Bank will be up to the last stand is not to release rate in a fully free float, as it is fraught with hyperinflation. If we manage to bring down a financial panic, the devaluation of the serious increase export capacity to increase gold reserves. But if the point of equilibrium will be found if the government will impose overly restrictive, and the panic continues, it is not ruled out economic crisis in a single country.
Wednesday, May 25, 2011
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The devaluation of the ruble in Belarus was inevitable
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