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In September 2011 National Bank of Belarus introduced a free exchange market session to determine a market value of the ruble.
Capital Flight Grows The currency, the austral, has lost more than three-fourths of its value on the free exchange market in the last two and a half months; capital flight, always a problem, is becoming a flood, and financial speculation is rampant.
The measures, which constitute the fifth overhaul of economic policy in three months by Mr. Alfonsin's Government, include a completely free exchange market, a uniform 20 percent tax on exports, some new taxes and shortened collection times for others, increases of 20 to 25 percent in the prices of public services and fuel and a 45-day price freeze.
