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Belarus’ gold, forex reserves up by 6.7% to $7.8bn in May

MINSK, 7 June (BelTA) - According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $7,763.1 billion as of 1 June 2021, BelTA learned from the Information and PR Department of the National Bank of the Republic of Belarus.

In May 2021, the country’s gold and foreign currency reserves went up by $485.2 million (by 6.7%) following the April growth of $337.9 million (4.9%).

“The increase in the volume of the gold and foreign exchange reserves in May 2021 was mainly due to the purchase of foreign currency by the National Bank via the Belarusian Currency Stock Exchange, the increase in the cost of monetary gold and also the foreign currency budget revenue,” the central bank said.

In May 2021 the planned repayment of foreign and domestic obligations in foreign currency in the amount by the government and the National Bank of Belarus made up some $132 million.

According to the country's main monetary guidelines for 2021, the volume of international reserve assets is expected to make up at least $6 billion on 1 January 2022.

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