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Central banks of Belarus, Russia discuss economic, monetary policy

MINSK, 22 July (BelTA) – The economic situation and the implementation of the monetary policy in Belarus and Russia in 2019 were discussed at a regular session of the Interbank Currency Council of the National Bank of the Republic of Belarus (NBRB) and the Central Bank of the Russian Federation in Petrozavodsk on 19-20 July. The meeting was attended by Chairman of the Board of the National Bank of the Republic of Belarus Pavel Kallaur and Governor of the Central Bank of Russia Elvira Nabiullina, BelTA learned from the Information and Public Relations Department of the NBRB.

The participants of the meeting discussed financial regulation and supervision mechanisms, the state of affairs in the banking sectors of the two countries and shared information on other relevant issues of the central banks of Belarus and Russia.

The Interbank Currency Council of the National Bank of the Republic of Belarus and the Central Bank of the Russian Federation was established in November 1999. The main tasks of the council are to prepare intergovernmental agreements on banking activities, to harmonize the regulatory frameworks of the financial and banking sectors in order to enable equal conditions for commercial entities of the two countries, and also to prepare recommendations on the development and implementation of the coordinated monetary  policy and the foreign exchange policy.

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