FINANCE



Prices kept under control

Why non-market methods of economic regulation are widely used around the world The Democratic presidential nominee for 2024, Kamala Harris, has recently unveiled her programme — for the first time in the history of the United States, it provides for government regulation of food prices, as well as a number of other non-market measures. This is far from the only example from Western realities. The Belarusian experience of state management of the economy is currently in demand in many countries. ...

19.09.2024
finance , usa , economy , prices , regulation , non-market methods , dollars , inflation

Analysing global financial meltdowns

... to the Institute of International Finance (IIF), the total global debt ...

14.08.2024
global , finance , analysis , meltdown , crisis , national debt , USA , west , digitalisation , de-dollarisation

Robbery on a planetary scale

Getting rid of the U.S. dollar’s stranglehold is the way to a just world order Today, individual countries rampantly printing dollars and their local surrogates — euros — are thriving at the expense of the rest of the world. In this regard, at the recent summit of the Shanghai Co-operation Organisation (SCO) in Astana, President of Belarus Aleksandr Lukashenko once again urged his counterparts to switch to settlements in national currencies. Why is this important today? The President of ...

08.08.2024
United States , finance , dollar , petrodollars , hydrocarbons , threat , national , currency , world order

Expert: it is necessary to accelerate creation of modern digital SWIFT analogue

In 2022, the rate of substitution of the US Dollar in international settlements increased tenfold: de-dollarisation is proceeding at a high pace and the share of settlements in national currencies, in Russian Roubles and Chinese Yuan, is growing. The BRICS will strive to create an independent payment system based on digital currencies and blockchain. Moving away from Western financial instruments in international settlements – the Dollar and the Euro – is an objective necessity in the context of ...

09.04.2024
BRICS , currency , finance

German expert: Germany lost over €200bn due to conflict in Ukraine

The conflict in Ukraine has cost Germany a sum that has already exceeded €200bn, TASS reports PHOTO: WWW.REUTERS.COM The President of the German Institute for Economic Research (DIW Berlin), Marcel Fratzscher, in an interview with the Rheinische Post newspaper, noted that this amount is due to electricity prices. “First of all, the high energy costs [due to the crisis in Ukraine] have led to a 2.5 percentage point decline in Germany's economic growth, or €100bn in 2022, and the same amount ...

21.02.2024
Germany , Ukraine , finance

We pay more and fight more

... billions of dollars annually are financed separately. One might assume that ...

17.01.2024
world , UN , finance , budget

EDB will allocate about $1.5bn in Belarus by 2026

... a list of projects, which financing may reach $500m. We have ...

26.12.2023
EDB , finance , investment

Reliable focus on the yuan

Chinese expert: Switching to yuan settlements between Belarus and China will accelerate mutually beneficial co-operation The internationalisation of the Chinese yuan continues to gain momentum. The monetary unit of the Greater China is increasingly used both in Eurasia and around the world, reducing dependence on the dollar. Russia is a vivid example of this, where they have already focused on the transfer of settlements on foreign trade operations with the countries of Asia, Latin America and ...

27.04.2023
china , belarus , yuan , expert , co-operation , finance , Great Stone Industrial Park , Ren Fei

It’s scary, like in a bank...

The failure of American banks has caused a massive crisis of confidence in Western financial institutions. Is the crisis of 2008 repeating itself? The bankruptcy of California’s Silicon Valley Bank (VSB) was taken by American billionaire Kenneth Griffin as a signal that capitalism in the US is ‘collapsing before our very eyes’. In addition, the international rating agency Moody’s has already downgraded the outlook for the US banking system from stable to negative. Although nothing out of the ...

23.03.2023
USA , finance , banks

China believes freezing of countries' reserves violates their sovereignty

China’s Permanent Representative to the United Nations, Zhang Jun, said blocking the reserves of some states undermines global economic stability, and this process must be stopped, RT reports Photo: www.tass.ru "Arbitrary freezing of foreign exchange reserves of other countries constitutes a violation of sovereignty,” Mr. Jun said during a meeting of the UN Security Council. He believes such actions undermine the foundations of world economic stability and bring risks to international ...

20.04.2022
finance , china , un

Stability will be ensured

The work of enterprises under sanctions, the situation in the country’s financial market and curbing inflation. Chairman of the Board of the National Bank Pavel Kallaur and Aide to the President for the Development of the Financial and Credit System Valery Belsky were the first to report to the President, followed by Prime Minister Roman Golovchenko and the heads of Belaruskali and the Belarusian Potash Company. Aleksandr Lukashenko once again warned the Government and the National Bank that ...

09.02.2022
Lukashenko , National Bank , finance , economy , sanctions

Funding for state programmes increased

... In line with the document, financing of measures aimed at acquisition ... part of the decree On Financing Purchasing of Modern Machinery and ... amount of the bank's financing of state programmes and events ...

27.10.2021
government , finance

Finance Ministry: wages to grow in 2022

... to ONT TV channel , Belarus’ Finance Minister, Yuri Seliverstov, said that ... . Seliverstov said. According to the Finance Minister, by the end of ...

11.10.2021
salary , finance

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