Business news

Belarus’ gold, forex reserves at $8.1bn

MINSK, 7 June (BelTA) - According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $8.09 billion as of 1 June 2019, BelTA learned from the Information and PR Department of the National Bank of the Republic of Belarus.

In May 2019, the country’s gold and foreign currency reserves went up by $521.6 million (or 6.9%) following the April growth by $322.7 million (4.5%). 

In May 2019, the National Bank and the government of the Republic of Belarus honored the foreign and domestic obligations in foreign currency in the amount of about $140 million.

Belarus’ gold and foreign exchange reserves were bolstered thanks to the revenues from selling government bonds nominated in foreign currency by the Finance Ministry and the central bank, budget revenues, including export duties on oil and oil products, purchase of foreign currency by the central bank via the Belarusian Currency Stock Exchange.

According to the country’s main monetary guidelines for 2019, the volume of international reserve assets is expected to make up at least $7.1 billion on 1 January 2020.

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