In 2011, the National Bank of Belarus narrowed the fluctuation corridor for the cost of a basket of foreign currencies to +/-8%

January 3, Minsk / BELTA /. The National Bank of Belarus narrowed the fluctuation corridor for the cost of a basket of foreign currencies to +/-8% in 2011 from +/-10% in 2010. This was reported to BELTA by the information department of the National Bank of Belarus. In 2011, the National Bank's policy aimed at ensuring the stability of the Belarusian ruble will be continued. In accordance with the Main Directions of Monetary Policy of the Republic of Belarus for 2011, approved by Decree No. 597 of November 19, 2010, the regime of pegging the exchange rate of the Belarusian ruble to the cost of a basket of foreign currencies will be maintained. Due to the improvement of the economic situation and the reduction of external risks in 2011, the boundaries of the fluctuation corridor for the cost of a basket of foreign currencies, which includes the Russian ruble, the US dollar, and the euro with equal shares, are narrowed to +/-8% relative to the cost of the basket as of the beginning of 2011 (Br1054.68). This means that the range of permissible fluctuations in the exchange rate of the Belarusian ruble to the currency basket will be from Br970.03 to Br1138.73. At the same time, to ensure a stable exchange rate of the national currency within this corridor, the National Bank will take all necessary measures in the field of monetary policy. -0-