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Freezing Prices Will Cause Economic Disaster

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Freezing Prices Will Cause Economic Disaster

It’s time to exchange Belarusian rubles for foreign currency.

The government is freezing prices on an urgent basis. These are extreme measures in the economy, writes the “Belarus of the Brain” Telegram channel.

If you have ever thought that now is the darkest time, after which the dawn will come, then you will have to face disappointment. This is just the beginning of hell. Economic hell above all. Especially considering that the Russian Federation, it seems, will not provide Belarus with a new loan.

The authorities adopted a decree according to which, with the beginning of the calendar spring, prices for essential goods cannot be raised by more than 0.2% per month. This applies to 62 food products and 50 medicines.

Why would this lead to disaster?

Considering that liquid reserves in Belarus are coming to an end, devaluation will occur in any case, but by freezing the cost of goods, the regime will bring along subsequent inevitable price liberalization, goods will grow to the values much higher than they would have been without the freeze, because there will be a crazy demand for products at this moment.

Moreover, in 2014, Myasnikovich tried to keep control over the situation this way. So, on December 20, prices were frozen, the dollar was 10,800 rubles. Prakapovich cheerfully announced that there would be no devaluation. But by the new year, it was impossible to buy dollars. On the black market, the rate reached 15 thousand. A month later, on January 20, 2015, the official rate was set at around 15 thousand. That is, in a matter of weeks, the ruble sank by more than 40 percent.

Due to the fact that there are absolutely no grounds for a rise in wages, there is only one way to prepare for this outbreak of rising food prices - to exchange Belarusian rubles for foreign currency, and always have it with you for a rainy day.

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