Belarus President signs decree on setting up Belinkasgroup

MIL OSI – Source: President of the Republic of Belarus – Press Release/Statement

Headline: Belarus President signs decree on setting up Belinkasgroup

1 February 2018

Belarus President Alexander Lukashenko has signed the
decree on setting up the nonblank credit and financial organization
Belinkasgroup with the participation of the National Bank, OAO ASB Belarusbank,
and OAO Belagroprombank.
Belinkasgroup is set up to improve the organization of
cash circulation in the Republic of Belarus, develop encashment services. The
organization will also provide assistance to the national bank in operating
cash flows, organizing a centralized system for the collection, processing and
delivery of money and other valuable things, provision of encashment services
with the application of cutting-edge technologies and the best global
The new company will help optimize the functions of
banks in encashment, transportation, processing and storage of valuable things,
reduce expenses on the maintenance of material and technical resources and the
number of special vehicles and weapons used by corresponding organizations in