of December 22, 2020 No. 481
About approval of the Main directions of monetary policy of the Republic of Belarus for 2021
1. Approve the Main directions of monetary policy of the Republic of Belarus for 2021 (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 2021.
3. This Decree becomes effective since January 1, 2021.
President of the Republic of Belarus
A. Lukashenko
Approved by the Presidential decree of the Republic of Belarus of December 22, 2020 No. 481
1. In 2021 monetary policy will keep orientation on maintenance of price and financial stability, making thereby contribution to forming of the conditions promoting sustainable economic development of the Republic of Belarus.
2. Maintenance of the low rate of inflation in the country will become main objective of monetary policy.
3. Preserving financial stability will be performed by implementation of actions on restriction of systemic risks, ensuring reliable and safe functioning of banks, non-bank credit and financial organizations, JSC Development Bank Republic of Belarus, not credit financial credit institutions 1, and also payment system.
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1 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. Further development will be gained by financial services and infrastructure of the financial market that will promote increase in allocation efficiency of money resources and decrease in risks in economy.
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