“In addition to a 30% duty on the purchase of foreign currency imposed in December, the National Bank recommended banks not to issue loans to stabilise the situation on the financial market. The measure was supposed to restrict the growth of money supply and increase the value of money. As a result, Belarusians have not been able to take loans from banks for a month. Commercial bank began to issue loans again, but raised interest rates. The cheapest loan has an interest rate of 45%, the most expensive one – 82%. Average interests rates are now from 60 to 65% against 25-30% in early December.”
http://charter97.org/en/news/2015/1/22/136361/
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