March 29, 2011 / 8:26 AM / 7 years ago

Belarus allows 10 pct rouble devaluation

MINSK, March 29 (Reuters) - Belarus’ central bank on Tuesday effectively allowed the Belarussian rouble BYR= to devalue by 10 percent on the interbank market by widening the trading band for local banks.

“...Banks... have been allowed to buy and sell foreign currency to other banks and customers at rates deviating from the official rate by no more than 10 percent,” it said in a statement. (Reporting by Andrei Makhovsky; Writing by Olzhas Auyezov)

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