20 October, Vitebsk /Sergey Kochetov - BELTA/. The introduction of a single exchange rate for the Belarusian ruble will help reduce inflation expectations and boost business activity. This opinion was expressed in a conversation with a BELTA correspondent by Galina Yasheva, Head of the Department of Economic Theory and Marketing at Vitebsk State Technological University, Doctor of Economic Sciences. The country's economy needs market-based exchange rate formation, she is confident. A single exchange rate for the Belarusian ruble will stabilize the currency market within a transparent legal framework. Undoubtedly, exporters will receive significant benefits, as they will be able to operate with a single exchange rate both for mandatory and voluntary sale of foreign currency earnings, as well as for their use for production purposes. Ordinary citizens will also feel the impact of the single exchange rate, as it should lead to price stabilization, and in the future, a reduction in prices for certain items is not ruled out. Under a single exchange rate, Belarus has the opportunity to increase its investment attractiveness, direct external resources towards modernizing the economy, expanding export potential, thereby laying the foundation for the country's strategic development. It should be noted that operating under a single national currency exchange rate eliminates the ground for a shadow currency market and grey schemes, which allows exporters to avoid currency losses and other negative consequences of multiple exchange rates, including inflation growth and reduced activity of economic entities. At the same time, the concept of monetary and currency policy for the near future must take into account the experience accumulated in Belarus regarding devaluation and currency regulation. The exchange rate needs to be managed in such a way as to maintain the balance between inflation and devaluation rates, believes Galina Yasheva. -0-

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