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Belarus forex assets down 3.3% in December to $4.8bn

Economy 15.01.2016 | 19:30

MINSK, 15 January (BelTA) – The official reserve assets and other foreign currency assets of Belarus fell 3.3% in December 2015 to $4,838.7 million as of 1 January 2016, reads a statistics report published by the National Bank of the Republic of Belarus, BelTA has learnt.

As of 1 January in the structure of forex assets of official bodies of Belarus the reserve assets totaled $4.18 billion ($4.58 billion as of 1 December). Of the total the reserves in convertible foreign currencies amounted to $1.9 billion, SDR - $515.2 million, gold (including borrowed gold) - $1.4 billion, assets in the form of repurchase agreements (repo) - $274.2 million.

Other assets in foreign currency and gold outside the reserves (liquid assets in banks rated under A on scales of the international rating agencies Fitch Ratings or Standard & Poor's as well as A2 on the scale of Moody's Investor Service) totaled $662.8 million as of 1 January. Of the total deposits amounted to $488.4 million, gold deposits - $146.2 million, securities - $28.2 million.

The expected forex spending of official bodies in 2015 stood at $6.3 billion as of 1 January 2016. Of the total it is necessary to pay $5.89 billion for loans and securities while honoring obligations in forward trade will require $361.3 million.

Conditional obligations of Belarus in foreign currency may require the payment of $1.7 billion within 12 months after 1 January 2016.

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