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Economy
06 May 2016, 10:03

Belarus' gold, forex reserves up 0.9% in April

MINSK, 6 May (BelTA) - In April 2016 Belarus' gold and foreign exchange reserves rose by $37.1 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4,228.5 million as of 1 May, BelTA learned from the Information and PR Department of the National Bank of the Republic of Belarus.

In national terms the volume of the gold and foreign exchange reserves grew by $124.5 million to $4,630.9 million as of 1 May 2016.

In April 2016 the Belarusian government and the National Bank of Belarus honored domestic and foreign commitments in foreign currency in full.

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, foreign currency purchases by the regulator via the Belarusian Currency and Stock Exchange, and also revenues from export duties on oil and oil products.

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