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Belarusian economy undermined by protest

2020-08-31T19:12:08.982Z


The currency is falling and the tech companies, nuggets of this still very Soviet country, are thinking of leaving it.


The Belarusians, who were still around a hundred thousand this Sunday in the streets of Minsk, the capital, do not seem ready to give up.

They oppose their tenacity to the intransigence of Alexander Lukashenko whose contested re-election, on August 9, set fire to the powder.

But with the massive protest that continues, the Belarusian economy, already fragile, risks the big plunge.

Read also:

Belarus: Lukashenko's shattered dynastic dream

The first sign of the economic backlash, the collapse of the local currency, the Belarusian ruble, and the scarcity of euros and dollars.

In banks and exchange counters, savers are desperate to buy foreign currency to preserve their capital against the Belarusian ruble which is unscrewing.

So much so that people wait until someone comes to deposit foreign money.

An increasingly rare case.

“All market players, including the population, businesses and the banks themselves, actively buy currencies,

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Source: lefigaro

All news articles on 2020-08-31

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