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Belarus Experiences FX Payments Deficit Second Month in a Row

28.05.2012 / 14:44

SG

2011 devaluation stimulusis is fading away.

FX payments deficit counted $45mln in April 2012 while it was even more considerable — $63mln — in March.

However, there was foreign exchange payments surplus of $131mln in January and $117mln in February 2012.

Foreign exchange balance is a more accurate indicator than foreign trade balance as this very money is used to pay oil customs tax to Russia.

The overall currency exchange inpayments made $17277mln in Q1. It is 33.9% more than in Q1, 2011. The import costs in Q1 were $17137mln what shows a 10% increase compared to Q1, 2011.

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