Markets

Belarus says reduces share of forex revenues firms have to sell

Published February 24, 2015 Updated February 24, 2015 07:56am

1 min

By Nasir Ahmed

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MINSK: The Belarussian central bank said on Tuesday it had reduced the share of foreign-currency revenues that Belarussian companies are obliged to sell to 40 percent from 50 percent.

Obligatory foreign-currency sales were introduced as a means of supporting the Belarussian rouble.

The central bank said the measure had stabilised the currency market.

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