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Monetary Policy


 
Key Objectives
 

The principles of the Belarusian monetary policy were first laid down in the Program for Social and Economic Development of Belarus for 2001-05 adopted by a Presidential Decree. A similar program covering 2006-10 was passed in 2006. 

 
 
Sources of Funding for the Economy
 

The key problem encountered by the Belarusian financial system is securing resources for sustaining the growth of GDP and popular incomes. A range of tools was deployed over the years.

 
 
Financial flows in Belarus: the Real Sector and the Budget
 

An inchoate capital market, including a securities market, an insurance system and investment companies is a country-specific feature of the Belarusian financial system. Key financial flows originate from economic entities, individual citizens and the state budget. 

 
 
Domestic Market
 

Just like its peers the world over, the National Bank of Belarus seeks to attain a conflicting goal. On the one hand it strives to provide the national economy with sufficient funding to facilitate its development while on the other it should keep inflation subdued. In Belarus, the Soviet legacy, which manifests itself in high inflation, a low savings rate and popular distrust of the national currency, makes this task even more daunting.

 

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