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View Full Version : Belarus Likely to Devalue as Reserves Dwindle, Danske Bank Says - Bloomberg



NewsWhore
03-21-2011, 01:20 PM
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Belarus Likely to Devalue as Reserves Dwindle, Danske Bank Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHgUhoELGGbXvx3dlq2VW1HPD9pug&url=http://www.bloomberg.com/news/2011-03-21/belarus-likely-to-devalue-as-reserves-dwindle-danske-bank-says.html)
Bloomberg
â??We see no other reasonable alternative but for a devaluation against the currency basket.â?? The country&#39;s foreign reserves were at $2.9 billion in December, down 33 percent from a year earlier, while its current-account deficit was 15.6 percent of GDP ...

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