NATIONAL BANK OF THE REPUBLIC OF BELARUS

Ratios of Required Reserves Placed on Deposit with the National Bank



Effective date Attracted resources,
Belarusian rubles
Attracted resources,
foreign exchange
Natural persons Legal persons
01/03/2002 14 16 12
01/04/2002 13 16 12
01/05/2002 12 16 12
01/01/2003 10 10 10
01/04/2004 8 10 10
01/08/2004 7 10 10
01/11/2004 6 10 10
01/02/2005 5 10 10
01/04/2005 5 9 9
01/06/2006 5 8 8
01/11/2006 4,5 8 8
01/04/2007 4,5 8 8
01/12/2008 1,5 7 7
01/02/2009 1 6 6
01/03/2009 0 6 6
01/03/2011 0 9 9
01/11/2011 0 7,5 7,5
01/05/2012 0 10,0 10,0
01/09/2012 0 10,0 12,0
01/08/2013 0 10,0 14,0
01/02/2014 0 9,0 13,0
01/01/2015 0 9,0 12,5
01/02/2015 0 9,0 10,0
01/03/2015 0 9,0 9,0
01/07/2015 7,0 7,0 7,0
01/09/2015 8,0 8,0 8,0
01/04/2016 7,5 7,5 7,5
01/02/2017 4,0 4,0 11,0
01/07/2017 4,0 4,0 15,0

1995–2001
Effective
date
Attracted resources, Belarusian rublesAttracted resources,
foreign exchange
Demand and
term deposits under
1 month (inclusive)
Term depositsNon–resident banks' funds
from 1 to 3 monthsfrom 3 months to 1 yearover 1 year
01/07/19961510555–15**
01/05/1997171350–17**
01/09/1997211750–21**
01/07/19981818181818
20/07/1998181818185418
01/08/1998161616164616
01/01/20001616161616
01/03/20001717171716
01/04/20001919191916
01/01/20011616161612

1993–1995
Effective dateAttracted resources, Belarusian rublesAttracted resources, foreign exchange
Demand depositsTerm deposits
up to 1 yearfrom 1 to 3 yearsover 3 years
01/04/1992201510
01/02/19938–15***8–15***8–15***8–15***
01/09/19930–15**0–15**0–15**0–15**
01/11/19938–15***8–15***8–15***8–15***
01/04/199415***101010
01/10/199415101010
01/11/19945.55.55.55.55.5
01/03/1995101010105.5
01/06/1995121212128
01/07/19951515151510
01/08/19951212121212

* Currently in force.

The ratios introduced on February 1, 2009, came into force starting from the calculation of the reserve requirements for December 2008.

The ratios introduced on December 1, 2008, came into force starting from the calculation of the reserve requirements for October 2008.

Beginning in 2000, the ratios were coming into force since the adjustment of the required reserves as at the current reporting date (for example, the ratios introduced on July 1 were coming into force since the adjustment of the required reserves as at July 1).

Prior to 2000, the ratios were coming into force since the adjustment of the required reserves as at the next reporting date (for example, the ratios introduced on July 1 were coming into force since the adjustment of the required reserves as at August 1).

** Rates are differentiated by maturities similar to deposits in Belarusian rubles.

*** Rates are differentiated by commercial banks.