The official Internet portal of the President of the Republic of Belarus
The President of the Republic of Belarus
3 October 2016
Commentary to Decree No. 359 of 3 October 2016
Belarus President Alexander Lukashenko signed Decree No.
359 “Concerning the main priorities of the monetary policy of the Republic of
Belarus for 2017”.
Belarus’ monetary policy will retain continuity and will promote Belarus’
sustainable and balanced economic development by means of the price
The reduction of
inflation to the level comparable with the consumer price index (to 9%) will be
the main priority of Belarus’ monetary policy. Monetary targeting aimed at
exercising control over the money supply will be continued. Broad money supply
will still be used as an intermediate factor of the monetary policy, the
Belarusian ruble monetary base will be the operational factor. The average
growth of the broad money supply is estimated at 12-16%.
In 2017, the National Bank will continue
developing the financial market and the payment system, enhancing trust in the
national currency and reducing the dollarization of the economy, creating
conditions for the improvement of standards and quality of banking
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