Financial Institutions Impose Novel Monetary Solutions in Belarus
Hey There! Currency Changes, New Withdrawal Limits, and a Shock for Depositors
Let's dive into some bank innovations shaping the financial landscape in Belarus. We've handpicked some exciting updates from "TechnoBank," "BelVEB Bank," "Sber Bank," "ParieteBank," and "Belgazprombank."
"TechnoBank" has revamped its worn-out banknote exchange policy for dollars, euros, and Russian rubles as of May 20. Now, a 9% commission (minimum 5 Belarusian rubles) will apply on each transaction. It is essential for bank employees to confirm the banknotes' authenticity before the service is rendered.
On a positive note, until August's end, "TechnoBank" offers a great deal on yuan transfers, with a bank commission of just $35 for six months, including the account opening fee. However, one of the service packages must be activated to qualify.
"BelVEB Bank" has trimmed interest rates on some deposits, including foreign currency ones. For instance, the rates on the "Without-Notice Deposit (offline)" in dollars have dropped by 0.19, 0.39, and 0.59 percentage points for 7, 13, and 24-month options, respectively.
"Sber Bank" has announced that from June 26, they will award an additional 1.5% of the transfer amount for transfers in Russian rubles to India.
"ParieteBank" has launched a new feature for transfers effective June 13. Transfers can now be made in Turkish liras at a fee of 2.5% of the transfer amount (minimum 7,000 liras, maximum 24,000 liras). Transfers can be initiated from accounts opened in Belarusian rubles, dollars, euros, and Russian rubles.
Notably, "Belgazprombank" has boosted the foreign currency cash withdrawal limit on its cards in cash offices and ATMs. The daily and monthly limits have been enhanced to $20,000 equivalent and $100,000, respectively, start May 19.
In summary, these banks are making significant changes in credit card cash withdrawals, currency exchange rates, and deposit rates. Keep an eye on updates from these banks to stay up-to-date!
Psst! Want to support Charter97.org? Visit our donation account, or follow us on social media at Facebook, YouTube, X.com, vkontakte, ok.ru, Instagram, RSS, and Telegram. Your support keeps us going! 💛💛
In the evolving financial landscape of Belarus, "TechnoBank" has implemented a new 9% commission for currency exchange transactions of dollars, euros, and Russian rubles, while also offering a reduced $35 commission for Yuan transfers until August's end. On the other hand, "BelVEB Bank" has decreased interest rates for certain dollar deposit options, indicating changes within the banking and finance industry.
