20 October, Vitebsk /Diana Kurilo - BELTA/. The unification of the Belarusian ruble exchange rate is beneficial for the economy. This viewpoint was expressed to a BELTA correspondent by Oleg Matskevich, Deputy Chairman of the Vitebsk Regional Executive Committee, commenting on the single trading session held today at the Belarusian Currency and Stock Exchange.
Enterprises will be able to operate with a real exchange rate, without incorporating currency risks into the cost of goods and services, which will affect the reduction of inflation and price stabilization, the interviewee is confident. Oleg Matskevich associates another positive aspect of introducing a single exchange rate with the implementation of enterprises' development business plans and the revival of investment activities. "A single Belarusian ruble exchange rate will allow economic entities to build and implement long-term plans," he emphasized.
At the same time, the region's exporting enterprises were able to take advantage of the situation on the currency market and strengthen their financial position. Based on the results of 8 months, the export growth rate (excluding oil products) was 141.4%, with a positive foreign trade balance of $349.6 million, which is $85.9 million more than in the same period last year. In particular, enterprises of communal ownership and without legal subordination exported products by 63.2% more than in January-August 2010, with a positive balance of $114.2 million, which is $98.9 million more than in the same period last year.-0-
BELTA
Unification of the Belarusian ruble exchange rate is beneficial for the economy - Deputy Chairman of the Vitebsk Regional Executive Committee
20/10/20110 views