August 30, 2011 / 10:55 AM / 8 years ago

Belarus to let rouble float freely in mid-Sept

MINSK, Aug 30 (Reuters) - Belarus will allow its rouble to float in freely from the middle of September but will preserve a preferential exchange rate for energy payments, President Alexander Lukashenko said on Tuesday.

“The rate of the Belarus rouble will be determined by supply and demand, as in case of any other good. We are not planning to support the exchange rate artificially,” Lukashenko told the government and the central bank.

Lukashenko said that the Minsk exchange will open an additional trading session where foreign currencies, such as the dollar and the euro, will be available, while in the main session foreign currencies will be offered only for gas and electricity payments. (Reporting By Andrei Makhovsky; Writing by Andrey Ostroukh)

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