Tuesday, May 24, 2011

Is the US next?

Belarus Just Devalued Its Currency By 56%


The National Bank of Belarus (NBB) is sharply devaluing the official rate of Belarusian ruble. The exchange rate as of May 24 was set at 4,930 rubles per dollar. a decrease of 56% from the 23 May.

The National Bank of Belarus has officially confirmed a sharp depreciation of the currency. On its website it has published the official exchange rate of Belarusian ruble: $ 1 - Br4930 (a decrease of 56,3% to the rate on 23 May)

http://www.zerohedge.com/article/belarus-just-devalued-its-currency-56

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