The move came in the wake of growing pressure on the currency as a result of falling exports and growing demand for dollars among the population that forced the authorities in Minsk to use up to $1.33 billion of precious gold and foreign-currency reserves in 2008 to maintain the currency above BR2,000 to the dollar.
The devaluation of the Belarussian rouble and the higher interest rates come in the wake of an agreement with the IMF for a $2.5
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