First woman in space Valentina Tereshkova may meet with Queen Elizabeth IIRussian Politics & Diplomacy February 22, 20:27
Spain’s famous footballer Puyol returns to Russia next week ahead of FIFA 2017, 2018 CupsSport February 22, 20:15
Putin promotes generals to higher military ranks after Syria operationMilitary & Defense February 22, 19:56
Russia, Turkey may discuss purchase of S-400 systems at March talksMilitary & Defense February 22, 19:18
European human rights watchdog welcomes court’s ruling on Russian opposition activistWorld February 22, 18:42
Maslenitsa festival: a week of pancakes and joySociety & Culture February 22, 17:49
Kremlin aide praises late UN envoy as ‘generation’s best and brightest’ diplomatRussian Politics & Diplomacy February 22, 17:28
Russian only Polar Circle city vows to preserve Arctic environmentBusiness & Economy February 22, 17:20
Russian presidential aide says Astana platform helpful for settling Syrian crisisRussian Politics & Diplomacy February 22, 16:55
MINSK, February 7 (Itar-Tass) — Belarussian President Alexander Lukashenko stressed the need for the country’s National Bank to start reducing its refinancing rate that makes up 45 percent.
“The country has very expensive credit resources,” he said at the meeting with the National Bank’s head, Nadezhda Yermakova, on Monday.
“Of course, the economy cannot stand such situation with loans for a long time, therefore the refinancing rate of the National Bank should gradually decrease,” Lukashenko said.
The head of state also focused attention on rational use of the monetary funds, and foreign exchange and gold reserves.
“As far as I know we had the time of no spending. On the contrary, our foreign exchange and gold reserves increased. We have opportunities to keep them growing. Another question emerges whether we need to keep extra money in reserves. The money should work in the economy. Nevertheless, we should have as much funds as necessary to prevent cataclysms in the future,” Lukashenko said.