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Economy
07 October 2021, 10:06

Belarus' gold, forex reserves down by 0.4% to $8.5bn in September

MINSK, 7 October (BelTA) - According to the preliminary data, Belarus' gold and foreign currency reserves totaled $8,459.9 billion as of 1 October 2021, BelTA learned from the Information and PR Department of the National Bank of the Republic of Belarus.

In September 2021, the country's gold and foreign currency reserves went down by $36.8 million (0.4%) following the August growth of $1,4054.3 million (14.2%).

“The decrease in the volume of the gold and foreign exchange reserves in September 2021 was mainly due to the planned repayment by the government of foreign and domestic obligations in foreign currency in the amount of over $240 million, and also due to the decrease in the cost of monetary gold. In September 2021 the level of gold and foreign exchange reserves was maintained thanks to the foreign currency budget revenue and the purchase of foreign currency by the National Bank via the Belarusian Currency Stock Exchange,” the National 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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