MIL OSI – Source: President of the Republic of Belarus – Press Release/Statement
Headline: Meeting with NBRB Chairman of Board Pavel Kallaur
25 January 2018
The establishment of a centralized cash logistics
company should not increase costs for the banking industry. Belarus President
Alexander Lukashenko gave the relevant instruction as he received a report from
Chairman of the Board of the National Bank of the Republic of Belarus (NBRB)
Pavel Kallaur on 25 January.
The head of state pointed out that the idea to set up
such a company had caused some debates and even misunderstandings and
miscommunication. Alexander Lukashenko said he would like to know whether the
future company — Belinkassgrup — which will be created to relieve the central
bank of non-core functions, will inflate personnel numbers in the central bank
and the banking industry as a whole. Alexander Lukashenko said he was also
interested in what kind of company it will be.
“This is what I am concerned about. Even personnel
numbers are not the problem. Money is what matters. We should optimize things
so that the state could spend less,” said Alexander Lukashenko.
“Before signing the decree I think we should discuss
whether we can do without such a company and whether the company will be truly
beneficial for the banking industry as a whole,” he added.