Expanding Cash Circulation in Belarus - According to the National Bank
Hey there! Here's a fresh take on the economic landscape of Belarus as of June 1, 2025:
Cash Floods in Belarus:As of June 1, 2025, the National Bank announced a whopping Br367 million increase in the circulation ofBelarusian currency. The total amount now stands at a mind-boggling Br12,746 billion, as reported by Office Life. This marks the fourth consecutive month of cash growth, moving from Br11.9 billion in March to Br12,07 billion in early April and reaching Br12,37 billion by May 1.
Booming Broad Money:The growth in circulation shows no signs of slowing down – the volume of broad money grew by Br2,28 billion in just one month, from Br54,729 billion to Br57,01 billion. Remarkably, the share of the Belarusian currency in the average broad money supply has significantly increased over the past year, going from 56.4% in May 2024 to a staggering 62.3% in May 2025.
GDP Forecasts on the Rise:It seems like the World Bank has been taking a closer look at Belarus, as they've revised their growth forecasts for the country's GDP. Nasha Niva reported that while the bank initially predicted a 1.2% growth in 2024, they've now upped the ante, expecting our economy to grow at a rate of 2.2% in 2024.
But that's not all, the bank has also significantly improved its 2025 GDP growth forecast for Belarus, though the exact percentage increase is not provided in the available sources. Economists are forecasting a growth rate of +0.8% for 2027, while expectations for 2026 have been revised upwards, with a predicted growth rate of 1.2%.
It's worth noting that other institutions have varying forecasts for Belarus's GDP growth – the Eurasian Development Bank (EDB) expects 2.6%, the European Bank for Reconstruction and Development (EBRD) forecasts 2.5%, the International Monetary Fund (IMF) projects 2.8%, and the United Nations expects 3.5%. The Belarusian government targets a growth rate of at least 4.1% for 2025.
Stay tuned for more updates on the country's economic growth! 📈🇧🇾💸
In light of the increased circulation of Belarusian currency, there seems to be a surge in the finance sector, particularly in businesses that rely on physical transactions.
The growth in the GDP forecasts follows the positive trends observed in the finance and business sector, hinting at a potentially booming economy in Belarus.
