Food prices have been frozen:
Devaluation of Money:
April 10th 2011 3.080 Belarusian Rubel = 1 Dollar
Jund 2nd 2011 5.000 Belarusian Rubel = 1 Dollar
The government in Minsk intends to introduce price controls – and will destroy what is remaining of the Belarusian economy. The black market will flourish. Statutory price controls are a classic in the oil-in-fire arsenal to a government in the fight against hyperinflation.
The central bank devalued Belarusian rubles six days ago by 54.4 percent – and has stolen the population more than half of their purchasing power. Already in April the central bank has stopped selling gold to the Belarusians. Finally, the Belarusians bought amplified electrical appliances such as refrigerators and washing machines – because they hold (as opposed to computers and to IPAD) it#s worth at least a few years.
This flight into real assets of any kind is typical when a currency goes down in a hyperinflation.
Now, Belarus got a credit of 2,000,000,000 EUROs by the IWF: http://www.imf.org/external/np/sec/pr/2009/pr0905.htm