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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of July 12, 2013 No. 425

About calculation of the reserve requirements which are subject to deposition in fund of required reserves, and modification of the resolution of Board of National Bank of the Republic of Belarus of October 27, 2011 No. 473

(as amended of the Resolution of Board of National Bank of the Republic of Belarus of 12.12.2016 No. 609)

Based on the paragraph of the eleventh of Article 26, of the paragraph of the fifth of part one of Article 31, the Board of National Bank of the Republic of Belarus DECIDES: parts one of Article 32 and part one of article 39 of the Bank code of the Republic of Belarus

1. When calculating the reserve requirements which are subject to deposition in fund of required reserves, banks reduce base of reservation from the borrowed funds in foreign currency within its amount for the corresponding period on the amount of amount of money allocated by them for acquisition of the government bonds nominated in foreign currency, emitted till December 31, 2016 inclusive according to the resolution of Council of Ministers of the Republic of Belarus of December 10, 1999 No. 1929 "About approval of the main conditions of issue, the address and repayment of the government bonds nominated in foreign currency" (The national register of legal acts of the Republic of Belarus, 2000, No. 2, 5/2219).

2. In paragraph four of Item 1 of the resolution of Board of National Bank of the Republic of Belarus of October 27, 2011 No. 473 "About establishment of standard rates of the required reserves deposited in National Bank of the Republic of Belarus (reserve requirements)" (The national register of legal acts of the Republic of Belarus, 2011, No. 122, 8/24322; 2012, No. 49, 8/25376; National legal Internet portal of the Republic of Belarus, 24.08. 8/26306) of figure "12" to replace 2012, with figures "14".

3. This resolution becomes effective since August 1, 2013.

Chairman of the board

N. A. Ermakova

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