Economists: US dollar can get up to Br 3,000

• 12.11.2008, 8:48

Belarusian experts believe that a “serious” devaluation of ruble can take place in the country soon.

The Central Bank of the Russian Federation previously admitted that devaluation of the Russian ruble is inevitab;e/ the head of the analytical centre “Strategiya” Leanid Zaika believes that the same will happen in Belarus. According to the expert, the most important thing for Belarusian authorities is to prevent panic because of that.

The Russian central Bank announced that devaluation of the Russian ruble is inevitable on November 10. The only thing its representatives promised was that it won’t be “very abrupt”. Flight of money from the country causes high demand for currency, primarily for dollar, and thus bears heavily on ruble. From August 1 to November 11 the official exchange rate of dollar in Russia has grown by 15% already.

Will the devaluation of money influence the Belarusian economy? A reporter of “Salidarnasts” addressed the expert.

“Devaluation will take place in Belarus as well, and it can be rather dramatic,” the head of the analytical centre “Strategiya” Professor Leanid Zaika believes. “It is quite possible that in 2009 exchange rate of a dollar would be 2,400 Br. So salaries and other profits’ decrease in dollar terms could be expected. As a result, my colleagues believe that the exchange rate of a dollar can reach 3,000 Br”.