In 2020 – October 2021 the state of Belarus currency market could be defined as stable, except a few short-term fluctuations of national currency. Throughout June-October 2021, there was Belarusian ruble gradual appreciation to currency basket due to positive tendencies in foreign trade and foreign currency supply growth. However, there are factors that could lead to deterioration on the domestic currency market. In contrast to previous periods, the current problems are not so obvious. The article analyses external and internal factors currently affecting the currency market. The author also considers existing risks, the implementation of which can worsen the currency market situation in short and medium term.
The research is available only in Russian.