Влияние девальвации 2011 года на реальные доходы в Беларуси
Impact of the 2011 devaluation on real income in Belarus

Author(s): Kateryna Bornukova
Subject(s): National Economy, Socio-Economic Research
Published by: BEROC Belarusian Economic Research and Outreach Center
Keywords: devaluation; Belarusian Ruble;
Summary/Abstract: In 2011, Belarus experienced a currency crisis and an almost threefold devaluation of the Belarusian ruble. As a result of the crisis, real incomes of the population fell due to high inflation rates. This Policy Paper describes the results of the 2011 Real Income Survey. Average real income in the fourth quarter of 2011 fell by 15% compared to the same period in 2010, however, at the same time, those strata of the population who received relatively higher incomes in the first quarter of 2011 suffered the most. If those who were included in the first decile in terms of income in the 1st quarter of 2011 (10% of the population with the lowest income). By the 6th quarter, real incomes did not decrease, then the representatives of the tenth decile (10% of the population with the highest income) had real incomes decreased by 30%. Pensioners have also been hit hard by the crisis - the real incomes of pensioners have decreased by 16.7% (Q4 to Q1 2011).

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