RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of June 22, 2021 No. 176

About establishment of the official rates of Belarusian ruble in relation to foreign currencies

Based on the paragraph of the twelfth of Article 26 and part one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES:

1. The official rates of Belarusian ruble in relation to the foreign currencies entering calculation of cost of basket of foreign currencies are established according to the exchange auction held by Belarusian Currency and Stock Exchange open joint stock company in the mode of the biddings with establishment of fixing or as the weighted average rates according to the transactions made at the exchange biddings in the mode of continuous double auction on these foreign currencies.

The calculation procedure and cost of basket of foreign currencies are posted on the official site of National Bank on the global computer Internet (www.nbrb.by) (further – the official site).

In case of lack during trading of transactions with the foreign currencies entering calculation of cost of basket of foreign currencies, the official rates of Belarusian ruble in relation to these currencies are calculated and established based on information on their quotations in the international financial markets.

The official rates of Belarusian ruble to other foreign currencies are determined based on US dollar cross-rates to these currencies. When calculating cross-rates of US dollar to foreign currencies as source of information the data of the Refinitiv or Blumberg agencies or the data represented by the Central (national) Banks of foreign states to National Bank are used. In case of impossibility of receipt of such information data from other public official sources of information placed on the global computer Internet are used.

2. The official rates of Belarusian ruble in relation to foreign currencies are established without obligation of National Bank to buy or sell the quoted foreign currencies on these rates.

3. The official rates of Belarusian ruble in relation to foreign currencies are established by National Bank daily (the daily official rates) or monthly (the monthly official rates).

Information on foreign currencies in relation to which the National Bank establishes the official rates of Belarusian ruble with indication of frequency (daily or monthly) is posted on the official site.

4. The National Bank establishes the daily official rates of Belarusian ruble in relation to foreign currencies by results of the auction held by Belarusian Currency and Stock Exchange open joint stock company in day of tendering. The specified official rates become effective from next working day * and are effective before entry into force of the following official rates of Belarusian ruble in relation to these foreign currencies.

By results of the last biddings of month which are carried out by Belarusian Currency and Stock Exchange open joint stock company the National Bank in addition establishes the monthly official rates of Belarusian ruble in relation to foreign currencies. The specified official rates become effective from first working day of the next month and are effective before entry into force of the following official rates of Belarusian ruble in relation to these foreign currencies.

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* The working days are understood as days which according to the legislation are not the days off, the public holidays and holidays established and announced by the President of the Republic of Belarus non-working.

5. The official rates of Belarusian ruble in relation to foreign currencies are established to within four signs after comma.

Information on the official rates of Belarusian ruble in relation to foreign currencies in day of their establishment is posted on the official site.

6. This resolution becomes effective since July 9, 2021.

Appendix

to the Resolution of Board of National Bank of the Republic of Belarus of June 22, 2021 No. 176

The list of foreign currencies in relation to which the National Bank establishes the official rates of Belarusian ruble

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