Knowledge (XXG)

2011 Belarus financial crisis

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76:, the course of the dollar from 2011 increased from 3,000 to 8,500 rubels and the cumulative devaluation in just ten months amounted to 189%. Due to the lack of currency in exchange offices, a black market was formed in March and April, where the dollar exchange rate reached Br 8,000-9,000 by September. The free exchange rate in exchange offices (since 14 September 2011), at which one can buy cash currency, and the exchange rate at the auctions of 69:. Despite attempts of devaluation and anti-crisis regulation of the economy, the crisis did not disappear, and inflation repeatedly exceeded predicted figures. Many independent experts believe that without structural reforms, the situation will continue to deteriorate. Accordingly, due to the course pursued by the country's leadership, there were problems with obtaining foreign loans. 88:
of 2011 comprised 108.7%, core inflation (excluding prices for goods and services regulated by the state and those seasonally changing) for January–October 118.1%. This is a high indicator in Europe and CIS. Average salary (counted in dollars) decreased from US$ 530 in December 2010 to US$ 330 in May
80:
are kept at the level of about Br 8,500, that is, three times higher than the exchange rate at the beginning of the year. For individuals, by decree of the President of Belarus of 6 October 2011, a requirement was introduced to present an identity document when buying foreign currency (cancelled
106: 109:[Belarusian rubel - world leader in devaluation] (in Belarusian). Naviny.by. 20 October 2011. Archived from the original on December 10, 2020 73: 77: 43: 168: 128: 35: 220: 89:
2011. In May 2012, the average salary reached US$ 436 (Br 3,559,600 at the rate of Br 8,165 per dollar).
142: 225: 187: 145:[Base inflation in Belarus has reached 101.5% in 10 months of the current year]. Archived from 39: 27: 23: 122: 66: 58: 31: 50: 214: 62: 85: 54: 143:"Базовая инфляция в Беларуси за 10 месяцев текущего года составила 101,5%" 18: 146: 169:"Белстат: средняя зарплата с начала года снизилась на 200 долларов" 49:
The crisis was evident in several currencies, decrease of
189:За май реальная зарплата в Беларуси выросла на 7,7% 107:"Белорусский рубль— мировой лидер по девальвациям" 8: 74:National Bank of the Republic of Belarus 98: 61:of the population due to more than 50% 120: 78:Belarusian Currency and Stock Exchange 72:As a result of the crisis set by the 44:2010 Belarusian presidential election 7: 42:and an increase of wages before the 34:and cost elements of the economic 14: 194:NAVINY.BY – БЕЛОРУССКИЕ НОВОСТИ 26:, caused by year-long negative 22:was a set of issues arising in 1: 36:administrative-command system 17:The 2011 financial crisis in 186:Infographics (2013-06-26). 38:. It was aggravated due to 242: 127:: CS1 maint: unfit URL ( 188: 57:and the decrease of 40:microcap stock fraud 221:Economy of Belarus 24:Belarusian economy 233: 205: 204: 202: 201: 183: 177: 176: 165: 159: 158: 156: 154: 149:on 22 April 2014 139: 133: 132: 126: 118: 116: 114: 103: 59:purchasing power 241: 240: 236: 235: 234: 232: 231: 230: 226:2011 in Belarus 211: 210: 209: 208: 199: 197: 190: 185: 184: 180: 175:. 23 June 2011. 167: 166: 162: 152: 150: 141: 140: 136: 119: 112: 110: 105: 104: 100: 95: 12: 11: 5: 239: 237: 229: 228: 223: 213: 212: 207: 206: 178: 160: 134: 97: 96: 94: 91: 81:in May 2017). 51:rate of return 13: 10: 9: 6: 4: 3: 2: 238: 227: 224: 222: 219: 218: 216: 195: 191: 182: 179: 174: 170: 164: 161: 148: 144: 138: 135: 130: 124: 108: 102: 99: 92: 90: 87: 82: 79: 75: 70: 68: 64: 60: 56: 52: 47: 45: 41: 37: 33: 29: 25: 21: 20: 198:. Retrieved 196:(in Russian) 193: 181: 172: 163: 151:. Retrieved 147:the original 137: 111:. Retrieved 101: 83: 71: 48: 16: 15: 173:telegraf.by 63:devaluation 53:of import, 215:Categories 200:2013-10-10 93:References 86:inflation 55:inflation 153:18 April 123:cite web 113:18 April 65:of the 28:balance 19:Belarus 67:rubel 32:trade 155:2022 129:link 115:2022 84:The 30:of 217:: 192:. 171:. 125:}} 121:{{ 46:. 203:. 157:. 131:) 117:.

Index

Belarus
Belarusian economy
balance
trade
administrative-command system
microcap stock fraud
2010 Belarusian presidential election
rate of return
inflation
purchasing power
devaluation
rubel
National Bank of the Republic of Belarus
Belarusian Currency and Stock Exchange
inflation
"Белорусский рубль— мировой лидер по девальвациям"
cite web
link
"Базовая инфляция в Беларуси за 10 месяцев текущего года составила 101,5%"
the original
"Белстат: средняя зарплата с начала года снизилась на 200 долларов"
За май реальная зарплата в Беларуси выросла на 7,7%
Categories
Economy of Belarus
2011 in Belarus

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