+ 03.0 +++++++++++++++++++9+++++++++++++++66+++3.;'''''''''''''''''''''';;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;00000000000000000000000000000000000000112363/852052555555555555555559999999999999999999969666666666666666666666666666666666666666666666666666639+69+++6-+-+9+857774

N e w s

FEBRUARY 23

This was reported by Pavel Kallaur, the first board deputy chairman of National Bank and later confirmed by his boss Petr Prokopovich. National Bank has already investigated the market and according to preliminary data, 5 Russian banks have indicated their interest in purchasing promissory notes of Byelorussian National Bank. There is likelihood that these resources will be even less expensive than the money of Byelorusbank, placed into promissory notes of the Council of Ministers with 10% interest. The rate is expected to be fixed at a level slightly exceeding the LIBOR rate in the US dollars and will be approximately 5% of interest per year. The resoursed will be used to increase gold and currency reserves of National Bank. According to Prokopovich, National Bank is going to finish the preparatory stage of the new monetary policy in July. After that the rate should be estimated in one of hard currencies. The liaison is going to be secured by the gold and currency reserves of National Bank.

Source: Finmarket