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Having a dev a team there in Belarus I spent 4 months of that past 12 there. This seems to be about pricing. Because of the strong economic ties between Russ
by salimmadjd 12y ago
Having a dev a team there in Belarus I spent 4 months of that past 12 there.
This seems to be about pricing.
Because of the strong economic ties between Russia and Belarus, the sanctions in Russia is also causing a huge devaluation on Belarusian currency.
My friends have been telling me of long lines at the banks to convert their money to Dollar. To prevent the rush, starting today, there is a 30% tax on converting your money to Dollar. Essentially a 30% devaluation of their currency.
Since many things are imported in Belarus any currency devaluation effects the price of goods, so people rushed to stores to buy anything they can (and now I've been told the shelves are almost empty).
But here's another issue, prices seem to be control by the government. For instance, when you go to restaurants all menus that have price on them, have a stamp and signature (think of it like a notarized stamp). This is so restaurants wont be able to increase the price as they wish.
From the google translation, it seems to me the online store started increasing their prices to match the devaluated currency and the government didn't like it. Because it contradicts their message on stability of their currency. They might have done the same at a physical store in this case.
- zihotki 12y agoBelorussian here. Also there is a law which enforces you to sell 50% of foreign currency you get from selling your goods or services abroad (a few weeks ago it was only 30%). And that 30% fee you can not enlist into your expenses to reduce the taxes. So the importers and many of exporters are completely f*cked up. And today they went even further - the government introduced a law which locks all prices in all shops or the shop will be closed and the owner will have to pay a fine. Crazy times...