"On Improving the Regulation of the Bills of Exchange Circulation in the Republic of Belarus."
This document regards bills of exchange as important tools of the domestic financial market and stipulates their use for reducing debt between economic entities, replenishing current capital of economic entities, making cheaper the sources of financing the real sector of economy, increasing the resource base of banks and building up the loan capacity of banks.
At the same time, in order to minimize any possible negative consequences for the economy after redistributing commodity and cash flows, the bills of exchange market will be accessible only to those banks which will be put on the list approved by the Head of State.
The norms laid down in this document will ensure transparency of the bills of exchange market and will help prevent shady circulation of securities by certain participants of the bills of exchange operations.
Please see the Russian version of the site for the full text of the Decree.