Lukashenko Replaces Belarus Central Bank Chief With His Deputy

Belarusian President Aleksandr Lukashenko replaced Pyotr Prokopovich as head of the nation’s central bank with his deputy, Yury Alymov, the state-run Belta news service reported.

“He made mistakes, the government made mistakes too, and I must face this,” Lukashenko said today, according to Belta. Prokopovich will continue to serve the former Soviet country after his health improves, the president said.

Lukashenko appointed Alymov acting chairman of the central bank on June 20, Interfax reported, citing the president’s press service. Alymov, a first deputy chairman at the central bank, took over from Prokopovich because the chairman went on medical leave for several months after recently having heart surgery, Interfax said.

Belarus was forced to devalue its currency by 36 percent in May and is seeking loans from Russia and the International Monetary Fund as it struggles to close a current-account gap equal to 16 percent of gross domestic product last year.

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at akudrytski@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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