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    Belarus seeks emergency IMF loan

    euronews (in English)

    by euronews (in English)

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    Belarus has asked for an emergency loan of up to $8 billion (5.5 billion euros) from the International Monetary Fund to stave off a financial crisis in the ex-Soviet republic. That comes after the government massively devalued the local currency, the rouble, in a failed attempt to persuade banks and Belarussians to resume trading at official - rather than black market - rates. ... http://www.euronews.net/