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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of May 28, 2025 No. 138

About approval of the Instruction about procedure for refinancing by National Bank of banks in the form of transactions the SWAP

Based on part five of Article 31 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. Approve the Instruction about procedure for refinancing by National Bank of banks in the form of transactions the SWAP (is applied).

2. This resolution becomes effective since July 28, 2025.

Chairman of the board

R.A.Golovchenko

It is approved

Council of Ministers of the Republic of Belarus

 

 

Approved by the Resolution of Board of National Bank of the Republic of Belarus of May 28, 2025 No. 138

The instruction about procedure for refinancing by National Bank of banks in the form of transactions the SWAP

Chapter 1. General provisions

1. This Instruction determines procedure for refinancing by National Bank of banks in the form of transactions the SWAP, including the relations arising during the making and execution of such transactions.

2. For the purposes of this Instruction the SWAP is understood purchase by National Bank from bank of foreign currency for Belarusian rubles (the direct transaction) with the obligation of sale in the same amount of foreign currency for Belarusian rubles through the time (reversing transaction) determined by the parties by the transaction as the transaction.

3. Transactions the SWAP belong to bilateral transactions which making requires positive declaration of will of National Bank in each case.

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