Belarusians' savings in the national currency are growing

According to the National Bank, the savings of Belarusian residents in the Belarusian ruble have increased, BelTA reported.

The stable situation on the foreign exchange market and the stability of gold and foreign exchange reserves have had a positive impact on the dynamics of savings in the national currency. In March, Belarus' gold and foreign exchange reserves increased by 4%.

By the end of 2022, the volume of term deposits of residents in Belarusian rubles increased by 25% and increased by 6% in the first quarter of 2023. At the same time, the share of long-term deposits was 72%.

In the first quarter of this year, Belarus’ GDP decreased by 2%.

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Photo: bizmrg.com