Gref predicted the devaluation of the currency of Belarus

Belarus will be forced to devalue the national currency due to growing current account deficit in balance of payments and reduction of foreign reserves, reports Bloomberg referring to the head of the Russian Sberbank German Gref. "The government of Belarus will not be able to avoid currency devaluation, although the state of the economy it will affect positively," - Russian gosbankir opined in an interview with the agency. As noted by Bloomberg, the rumors about a possible devaluation of the Belarusian ruble has already caused the currency crisis. The crisis continues because of the absence of devaluation itself: Belarusian exporters difficult to compete in world markets. At the same time the Belarusian authorities refuse to devaluation and the promise to remedy the situation, get a loan for $ 3 billion from Russia. April 16, 2010 Belarusian President Alexander Lukashenko promised to equalize the situation on the foreign exchange market. Since early 2011, the reserves of the National Bank decreased by 35%. Growing since 2006 foreign trade deficit in January 2011 reached $ 683.4 million