MINSK, 7 April (BelTA) - According to the preliminary data, Belarus' gold and foreign currency reserves totaled $7,786.5 million as of 1 April 2020, BelTA learned from the Information and PR Department of the National Bank of the Republic of Belarus.
In March 2020, the country's gold and foreign currency reserves went down by $ 1,018.4 million (or 11.6%) following the February decline of $438.2 million (4.7%).
A decline in the international reserve assets in March was driven by the selling of foreign currency at the Belarusian Currency Stock Exchange by the National Bank and also the honoring of the foreign and domestic obligations in foreign currency in the amount of $226.5 million by the government and the National Bank.
“Belarus' gold and foreign exchange reserves were bolstered thanks to the budget revenue in the foreign currency, and revenues from selling government bonds nominated in foreign currency by the Finance Ministry,” the National Bank said.
According to the country's main monetary guidelines for 2020, the volume of international reserve assets is expected to make up at least $7.3 billion on 1 January 2021.
