inflation crisis
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The effect of the devaluation of the Belarusian ruble in 2011 on real incomes in Belarus
In 2011 Belarus suffered a currency crisis and an almost three-fold devaluation of the Belarusian ruble. As a result of the crisis, the real incomes of the population were reduced because of the high rate of inflation.
BEROC. Belarusian economic research and outreach center