19 April 2023

Cashless money turnover on the rise in Belarus

The share of cashless monetary transactions is growing in Belarus. Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur made the statement during a joint session of the House of Representatives and the Council of the Republic of the National Assembly of Belarus on 19 April, BelTA has learned.

The share of cashless monetary transactions is growing in Belarus. Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur made the statement during a joint session of the House of Representatives and the Council of the Republic of the National Assembly of Belarus on 19 April, BelTA has learned.

In his words, a system of cashless transactions for retail payments is actively developing in the country. “As of late 2022 the share of cashless money turnover in retail trade increased by 0.9% to 51%,” Pavel Kallaur said.

In 2014 the share was under 19%, the official clarified.

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