National Bank of Belarus

Belarus is a landlocked country with close political and scotch links with Russian Federation. Major contributors to GDP are agriculture, industry and services. Main agricultural products are grain, potatoes, vegetable, meat and dairy. Principal industries take on machine-building, chemicals, power generation and textiles [1]. Main exports are machinery and transport equipment, chemicals, and lightly industrial goods. Belarus has very few mineral resources and thus is heavy dependent on neighboring Russia for petroleum and natural accelerator pedal products. As part of the Soviet Union, Belarus enjoyed a prosperous thriftiness primarily linked to military-industrial complex engineering efforts. However, after the tumble of the soviet rule in 1991 through 1996 GDP declined annually by an average of 6%, while inflation escalated to well-nigh 2000% in both 1993 and 1994[1]. Presently Belarus sparing and political aspect is a much brighter one with annual GDP gain of 10% for 2008 according to IMFs (International Monetary Fund) world economic outlook [2]. The guinea pig Bank of the Republic of Belarus (hereinafter referred to as the National Bank) is the central bank and a government execution of the Republic of Belarus operating exclusively in the interests of the Republic of Belarus.

exclusively activities of the bank abide by the nations constitution, laws and presidential regulation [3]. In the aftermath of the October Revolution (1917) affiliates of the private banks in Belarus were nationalized, while the land banks were closed. On December 3, 1921, the Soviet of passels Commissars SPC (Government) of the Belarusian Soviet Socialist Republic decreed that a Belarusian Office of the State Bank should be receptive in Minsk. A month later, on January 3, 1922, the Office became operational. That was the day on which the Belarusian banking system originated and began developing. Later, local branches in Vitebsk, Borisov, Bobruisk, Mogilev as well as agencies in Slutsk, Mozyr, Orsha,... If you want to get a full essay, order it on our website: Ordercustompaper.com

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