Belarus' gold, forex reserves fall to $6.93bn

Belarus' gold, forex reserves fall to $6.93bn
Belarus' gold and foreign currency reserves fell slightly to $6,926.4mn
By bne IntelliNews October 8, 2018

Belarus' gold and foreign currency reserves fell slightly to $6,926.4mn as of October 1, 2018, if calculated in accordance with methods of the International Monetary Fund (IMF), BelTA reports citing the National Bank of the Republic of Belarus.

In September 2018, the country's gold and foreign currency reserves went down by $320mn (4.4%) following the August growth by $216.2mn (3.1%).

In September, the National Bank and the Belarusian government repaid foreign and domestic obligations in foreign currency in the amount of about $382mn.

The country's gold and foreign exchange reserves also reduced due to the lower price of gold.

Belarus' gold and foreign exchange reserves were bolstered thanks to the budget revenues, including export duties on oil and oil products and revenues from selling government bonds nominated in foreign currency by the central bank and the finance ministry.

According to the country's main monetary guidelines for 2018 the volume of international reserve assets, taking into account the honouring of domestic and foreign commitments in foreign currency should reach at least $6bn on January 1, 2019.

 

Data

Dismiss