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Belarus central bank to remove euro from currency basket weightings

Published 12/08/2022, 05:34 AM
Updated 12/08/2022, 05:36 AM
© Reuters. People wait outside the currency exchange office of a bank in Minsk October 13, 2011. The Belarussian rouble fell to its weakest point ever against the dollar on Thursday despite central bank interventions, a market source told Reuters.    REUTERS/Vladimi
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(Reuters) - Belarus' central bank said on Thursday it will remove the euro from its currency basket used to calculate the official exchange rate for the Belarusian' rouble.

© Reuters. People wait outside the currency exchange office of a bank in Minsk October 13, 2011. The Belarussian rouble fell to its weakest point ever against the dollar on Thursday despite central bank interventions, a market source told Reuters.    REUTERS/Vladimir Nikolsky (BELARUS - Tags: BUSINESS)

The regulator said it was making the change - which will take effect from Monday Dec. 12 - due to a decline in the volume of trade between Belarus and the European Union.

The new official exchange rate will be calculated based on weightings of: 60% Russian rouble, 30% U.S. dollar and 10% Chinese yuan, the central bank said in a statement.

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