He had to buy up excess supply of foreign currency.
In 2019, the National Bank of Belarus had been actively buying up excess supply of foreign currency in the exchange market to prevent significant overvaluation of the Belarusian ruble. This was stated at an enlarged meeting of the Board of the national Bank Deputy Chairman of the NBB Sergei kalechits says. Purchased by the national Bank currency was spent for the replenishment of foreign exchange reserves, reports “Euroradio”.
As told kalechyts, in 2019, the net supply of foreign currency in all segments of the Belarusian currency market was $ 2.3 billion. Compared to the 2018 year it increased by two times.
In General, informed kalechyts in Belarus last year was the regime of a floating exchange rate, and changes in the ruble exchange rate was mostly “under the influence of market forces”.