In order to secure the stability of Belarusian ruble and cover the demand of juridical persons and private proprietors in foreign currency the president of the Republic of Belarus on July, 17 signed an edict №452 “On the obligatory selling of foreign currency”.

The edict exacts the obligatory selling of foreign currency transferred to bank accounts of juridical persons and private proprietors both within the country and outside of it. Liable to selling is the gain received from exporting goods (services) as well as that received from converting into cash goods and services by physical persons.

The rate of obligatory foreign currency selling remains at 30%. The alteration touches upon the order of calculating the sum of obligatory selling from exactly the gain in foreign currency received from exports. Besides, from now on the object of foreign currency selling will constitute only those cash resources which are credited on the accounts of the residents of the Republic of Belarus.

Some sanctions for untimely obligatory selling of foreign currency are to be found in the article 5 of the document, namely a fine of up to 1% of the currency not sold for a day of transaction delay but not more than the total sum of the currency not sold.