Lukashenko: New monetary unions will emerge soon

MINSK, 7 February (BelTA) – The world will soon see new powerful monetary unions with a new reserve currency, Belarusian President Aleksandr Lukashenko said at a meeting to discuss the bill to amend the banking laws on 7 February, BelTA has learned.

According to the head of state, the interests of depositors are safely protected in Belarus. “Belarus is almost the only country in the world, which guarantees full repayment of deposits regardless of the size and currency in case of economic insolvency of a bank,” the president said.

Yet, life goes on, technologies are developing. A new system of mutual settlements is taking shape, including in international trade. “In short, time is ripe for changes,” Aleksandr Lukashenko said.

“I believe that new powerful monetary unions with a new reserve currency will emerge soon,” the Belarusian leader said.