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07 December 2021, 09:51

Belarus' gold, forex reserves down 0.9% to $8.5bn in November

MINSK, 7 December (BelTA) - According to the preliminary data, Belarus' gold and foreign currency reserves totaled $8,469 billion as of 1 December 2021, BelTA learned from the Information and PR Department of the National Bank of the Republic of Belarus.

In November 2021, the country's gold and foreign currency reserves went down $80.7 million (by 0.9%) following the October growth of $89.8 million (1.1%).

“The decrease in the volume of the gold and foreign exchange reserves in November 2021 was mainly due to the honoring of the foreign and domestic obligations in foreign currency in the amount of about $275 million. The country's gold and foreign exchange reserves were bolstered by the foreign currency budget revenue, including export duties, and the increase in the cost of monetary gold,” the central bank said.

According to the country's 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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