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The Republic of Belarus, a landlocked country in Eastern Europe, maintains a state-controlled economy with significant emphasis on industrial manufacturing and agriculture. The government plays a major role in directing economic activity and resource allocation. While Belarus has a relatively developed industrial base, producing a range of goods, it faces challenges in diversifying its economy and increasing its competitiveness in the global market. The country’s financial system is undergoing a process of digital transformation, aiming to improve efficiency and accessibility. However, integrating its financial system with international markets and overcoming existing challenges to market-oriented reform remain ongoing objectives.

Population

Estimated Population

9.5 million (estimated)

payments

Currency

Belarusian ruble (BYN)



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