BELARUS NEWS AND ANALYSIS

DATE:

04/04/2007

Bank Official Says Belarus Cannot Count Its Millionaires

Pavel Kalaur, first deputy head of the National Bank of Belarus, told journalists in Minsk on April 3 that there are currently no methods to determine the number of millionaires in the country, Belapan reported. Last week, Syarhey Kastsyuchenka, head of the private Priorbank, asserted that the number of dollar millionaires in Belarus is between 7,000 and 10,000. "It is the task of the government to think how to get this money in bank accounts. If we manage to draw at least 1,000 of these millionaires into banks, this will mean $1 billion for the banking sector," Kastsyuchenka added. Kalaur noted that Kastsyuchenka's estimate of the number of millionaires in Belarus is dubious. JM

Source:

http://www.rferl.org/newsline/2007/04/3-CEE/cee-040407.asp

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