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Belarus: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1997: Issue 111
Language:
English
Publication Date:
17 Nov 1997
DOI:
https://doi.org/10.5089/9781451805024.002
ISBN:
9781451805024
ISSN:
1934-7685
Pages:
156
Keywords:
ISCR; CR; gross domestic product; first quarter; trade balance; national bank; foreign currency; U.S. dollar; exchange rate; broad money; Credit; Imports; Exports; Commercial banks; Western Europe; Europe
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This paper reviews economic developments in the Republic of Belarus during the 1990s. In late 1994 and early 1995, the Belarusian authorities took major steps to further liberalize the economy and bring down inflation from the high levels of 1993–94. By the second half of 1995, however, macroeconomic policies began to be relaxed and structural reform came to a virtual standstill. The relaxation of monetary policy was accompanied by an exchange rate policy in 1996, which caused the Belarusian currency to continue to appreciate significantly against the U.S. dollar.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund