Stabilisation of Inflation and the Potassium Conflict - Digest of Belarus Economy
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In August and September, the general public's attention was focused on the dispute between Belaruskali and Uralkali, the world's two largest producers of potash fertilisers. The conflict between two economic entities created additional difficulties for the Belarusian potash industry, as well as stimulated lower prices on the global potash market.
At the same time, positive trends occurred on the foreign exchange market domestically among Belarusians as the demand for foreign currency decreased. The end of the holiday season and the growth of deposit interest rates helped to reduce demand. The suspension of consumer price growth is also a positive factor.
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