In July, Ukrainians sold USD 1.543 billion worth of cash currency and bought USD 1.321 billion, the National Bank of Ukraine (NBU) reports.
The July indicator of the volume of foreign exchange sales exceeded the pre-quarantine level in February (USD 1.457 billion). The same applies to the indicator of buying foreign currency by the population (in February, it amounted to USD 1.165 billion).
In July, the Ukrainians sold USD 222 million more cash currency than they bought. For comparison, it was USD 292 million more in February before quarantine.
Over seven months of 2020, the Ukrainians sold USD 970.2 million more cash currency than they bought.
Among other obvious factors, the protests in Belarus were the result of global changes in the economy. The old model, the tangible industrial one, is more and more moving aside, and it is being replaced by a new, information technology model generally known as postindustrial.
In 2020, the Belarusian economy experienced several disturbances: a decrease in the Russian crude supplies, the pandemic consequences, and two foreign exchange crises in March and August. As a result, the GDP of Belarus in January-July 2020 amounted to BYN 80.0 billion, or 98.4% in comparable prices compared with the same period in 2019.
In January-March 2020, Belarus; GDP amounted to 99.7% in comparable prices as against January-March 2019. Although Belarus' GDP gradually began to win back the January fall in February-March of this year, the index is nevertheless decreasing.
This conclusion is contained in the review "Economy of Belarus in February-March 2020" prepared by the experts of the research company InComeIn.