Belarus Lifts Currency Restrictions

Belarus has lifted key currency restrictions effectively, devaluing its ruble.

Belarus has lifted key currency restrictions effectively, devaluing its ruble, The Wall Street Journal reports. The Belarussian government has allowed its banks to trade the Belarussian ruble with local companies outside the 10% band, previously set by the central bank. The national bank has also removed currency limits on the interbank market segment, adds The China Post. Belarus has also turned to Russia and other former Soviet republics for a bailout loan of around $3 billion.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from The China Post.