CCs in Belarus are limited to $25/day for online transactions!

BeTePoK · 04-16-2011, 02:22 PM

Due to tough situation in our country, and due to the fact that our local money is almost useless and cost nothing but dust, our banks limited our daily/weekly withdrawal limits to $25/day or $100/week.

They are trying to prevent people buying goods in the Internet and to spend their useless money (when buying online BYR automatically converts to USD).

Belarussian people also can withdraw not more than $25 a day when they are abroad...

Official exchange rate for USD/BYR is ~3100BYR for 1 USD. But you can't buy foreign currency anywhere. On "black market" you can buy 1 USD for about 3900-4500 for 1 USD, that's why people are trying to buy something on Amazon, eBay, etc. Just to spend our money to something usefull.

I predict our economy will completely crash soon, since we already owe $12.000.000.000 Russia and International Monetary Fund and there is no way to find money to get these loans back.

The Terminator · 04-16-2011, 08:31 PM

That's horrible, What was the exchange a few years ago?

Fbone · 04-16-2011, 10:55 PM

I hope the situation improves soon.

BeTePoK · 04-17-2011, 02:48 AM

Quote:

Originally Posted by THE TERMINATOR

That's horrible, What was the exchange a few years ago?

About 2150 BYR for 1 USD, then at the beginning on the 2009 they increased it to 2650-2700.

Quote:

Originally Posted by Fbone

I hope the situation improves soon.

Personally I doubt.

kacir · 04-17-2011, 03:37 AM

That is terrible.
I was aware that the situation is not good, but "little" details like those above paint much bleaker picture than dry news I see on TV.

I spent a little time in Belorus in 1980s. Working in factory! In Mogilev. I liked people there very much, so the situation makes me very sad. I wonder how long the current regime can support itself in this situation.

BeTePoK · 04-17-2011, 03:57 AM

Quote:

Originally Posted by kacir

That is terrible.
I was aware that the situation is not good, but "little" details like those above paint much bleaker picture than dry news I see on TV.

I spent a little time in Belorus in 1980s. Working in factory! In Mogilev. I liked people there very much, so the situation makes me very sad. I wonder how long the current regime can support itself in this situation.

Well, the last election was in 2010 (December, 19th) so I think our current President will remain at least 5 years more.

astra · 04-18-2011, 09:02 AM

My wife will be in Mogilev in 2 days.

I doubt that the regime will change any time soon, unless there is a major disaster. Belarus is growing old. Less and less young people live there. Small birthrate contributes to it. The older generation is pretty much happy with the current one. It gives them some sort of sense of stability. Something their neighbour - Ukraine lacks. They get their pensions that can pay the most essential bills. What else could they ask for? They don't know any better. Some of them are quite patriotic, like my mother in law.

I wish this country all the luck. She needs it.

04-16-2011, 02:22 PM	#1
BeTePoK Guru Posts: 740 Karma: 12616666 Join Date: Sep 2009 Location: Republic of Belarus Device: Sony PRS-505	CCs in Belarus are limited to $25/day for online transactions! Due to tough situation in our country, and due to the fact that our local money is almost useless and cost nothing but dust, our banks limited our daily/weekly withdrawal limits to $25/day or $100/week. They are trying to prevent people buying goods in the Internet and to spend their useless money (when buying online BYR automatically converts to USD). Belarussian people also can withdraw not more than $25 a day when they are abroad... Official exchange rate for USD/BYR is ~3100BYR for 1 USD. But you can't buy foreign currency anywhere. On "black market" you can buy 1 USD for about 3900-4500 for 1 USD, that's why people are trying to buy something on Amazon, eBay, etc. Just to spend our money to something usefull. I predict our economy will completely crash soon, since we already owe $12.000.000.000 Russia and International Monetary Fund and there is no way to find money to get these loans back.

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04-16-2011, 08:31 PM	#2
The Terminator Retired Posts: 2,552 Karma: 37638420 Join Date: Nov 2010 Location: Vancouver Island Canada Device: Kobo Touch, Optimus One (2.3), Nexus 7 (4.2)	That's horrible, What was the exchange a few years ago?

04-16-2011, 10:55 PM	#3
Fbone Is that a sandwich? Posts: 8,288 Karma: 101697116 Join Date: Jun 2010 Device: Nook Glowlight Plus	I hope the situation improves soon.

04-17-2011, 03:37 AM	#5
kacir Wizard Posts: 3,463 Karma: 10684861 Join Date: May 2006 Device: PocketBook 360, before it was Sony Reader, cassiopeia A-20	That is terrible. I was aware that the situation is not good, but "little" details like those above paint much bleaker picture than dry news I see on TV. I spent a little time in Belorus in 1980s. Working in factory! In Mogilev. I liked people there very much, so the situation makes me very sad. I wonder how long the current regime can support itself in this situation.

04-18-2011, 09:02 AM	#7
astra The Introvert Posts: 8,307 Karma: 1000077497 Join Date: Jan 2007 Location: United Kingdom Device: Sony Reader PRS-650 & 505 & 500	My wife will be in Mogilev in 2 days. I doubt that the regime will change any time soon, unless there is a major disaster. Belarus is growing old. Less and less young people live there. Small birthrate contributes to it. The older generation is pretty much happy with the current one. It gives them some sort of sense of stability. Something their neighbour - Ukraine lacks. They get their pensions that can pay the most essential bills. What else could they ask for? They don't know any better. Some of them are quite patriotic, like my mother in law. I wish this country all the luck. She needs it.

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