Belarusian ruble fell without a fight

The global economy rules igry11-01-2009 Belarusian ruble fell without a fight Belarus dramatically weakened its currency, and moved to the new exchange rate mechanism. Henceforth, the Belarusian ruble pegged to the three currencies, including the Russian one. These government measures are logical, and will not harm the Union State of Russia. Moreover, analysts said a sharp devaluation netsvalyuty in Belorussia is preferable to smooth the Russian. Belarusians new year began with the devaluation of the currency. National Bank of Belarus (NBB) from January 2, 2009 reduced the rate of the Belarusian ruble against the dollar by 20.5% against the euro - by 20.3% against the Russian ruble - by 17.3%. In addition, from January 2, Belarus moves to a new principle of exchange rate, namely, introducing a mechanism trehvalyutnoy basket. Belarusian ruble exchange rate is now pegged to the three currencies: U.S. dollar, euro and British pound, with equal shares of these currencies in the basket. The initial cost of a basket of currencies in Belarus set at 960 rubles, which corresponds to the generators of its bilateral exchange rates: 2650 rubles per 1 U.S. dollar, 3,703 rubles per euro and 90.16 rubles per Russian ruble.