Business news

MINSK, 19 October (BelTA) – Regulating agencies of Belarus and Russia discussed major monetary management guidelines of the two countries for 2016 on 19 October, BelTA learned from the Information and Public Relations Office of the National Bank of the Republic of Belarus after a session of the Interbank Currency Council of the central banks of Belarus and Russia.

According to the source, the sides exchanged information about the key principles and the most important parameters of the major monetary management guidelines that Belarus and Russia will follow in 2016. The current economic situation was discussed as well as changes of the international reserves and foreign-currency liquidity of the two countries in January-September 2015. The meeting participants also discussed factors of the equilibrium exchange rate and the current state of the national currencies.

Apart from that, representatives of the regulating agencies exchanged views on the state and prospects of developing the market of payment cards in Belarus and Russia. The state regulation of rating agencies in the Russian Federation was discussed as well as prospects of creating and regulating the operation of such agencies in Belarus.

The session of the Interbank Currency Council of the central banks of Belarus and Russia took place in the Russian city of Pskov. Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur and President of the Central Bank of Russia Elvira Nabiullina took part in the event.