Belarusian president orders free float for national currency

Belarus will allow its currency, the Belarusian ruble to float freely from next month at a special trading session but the central bank will fend off speculative attacks on the currency, President Alexander Lukashenko said on Tuesday, RIA Novosti reports.

"The Belarusian ruble's rate will be set by supply and demand," Lukashenko said at a government meeting.

"I have agreed with the proposal of the national bank to open ... an additional trading session at the currency exchange from the middle of September where you can buy hard currency easily," he added.

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