Almost $1 Billion. Belarusians Sell Currency En Masse

06.12.2024 10:12

Probably, in connection with the dollar going crazy in November, Belarusians went on a massive assault on exchange offices, selling their currency reserves.

During the month in question, citizens sold $21 million more than they bought.

This information was released by the press service of the National Bank of Belarus.

According to the regulator, in November, Belarusians bought cash and non-cash currency for a total of 978.4 million dollars.

But in the last month of autumn, our compatriots sold currencies worth almost a billion dollars – a total of 999.4 million dollars.

money
Photo: © Belnovosti

Well, over the 11 months of this year, individuals sold cash and non-cash foreign currency worth 1.532 billion dollars more than they bought.

The National Bank records a completely different situation with legal entities that became net buyers of foreign currency in November.

Thus, companies purchased currencies worth $518.7 million more than they sold.

In total, in November they bought foreign currencies for $2.941 billion and sold them for $2.422 billion.

According to the results of 11 months of 2024, legal entities bought $2.666 billion more currency than they sold.

Author: Pavel Gospodarik Internet resource editor