of October 31, 2019 No. 402
About approval of the Main directions of monetary policy of the Republic of Belarus for 2020
1. Approve the Main directions of monetary policy of the Republic of Belarus for 2020 (are applied).
2. To provide to National Bank together with Council of Ministers of the Republic of Belarus accomplishment of the Main directions of monetary policy of the Republic of Belarus for 2020.
3. This Decree becomes effective since January 1, 2020.
President of the Republic of Belarus
A. Lukashenko
Approved by the Presidential decree of the Republic of Belarus of October 31, 2019 No. 402
1. In 2020 monetary policy will keep succession and will promote the sustainable and balanced development of economy of the Republic of Belarus by means of ensuring price and financial stability.
2. Main objective of monetary policy is delay of inflationary tendencies. Realization of monetary policy will continue in the mode of monetary targeting.
3. For preserving financial stability work on restriction of systemic risks, maintenance of level of gold and foreign exchange reserves, ensuring safe and effective functioning of banks, non-bank credit and financial and not credit financial credit institutions *, JSC Development Bank Republic of Belarus, and also payment system will be continued.
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* Not credit financial credit institutions are understood as leasing, microfinancial and other not credit financial credit institutions which regulation of activities is assigned to National Bank according to the legislation.
4. The solution of task of ensuring price and financial stability will be promoted by diversification and strengthening of structure of the financial market, including development of its non-bank segment, economy devalyutization.
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