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07 May 2021, 09:52

Belarus' gold, forex reserves up 4.9% to $7.3bn in April

MINSK, 7 May (BelTA) - According to the preliminary data, Belarus' gold and foreign currency reserves totaled $7,277.9 billion as of 1 May 2021, BelTA learned from the Information and PR Department of the National Bank of the Republic of Belarus.

In April 2021, the country's gold and foreign currency reserves went up by $337.9 million (or 4.9%), following the March reduction by $174.5 million (or 2.5%).

“The increase in the volume of the gold and foreign exchange reserves in April 2021 was mainly due to the purchase of foreign currency by the National Bank via the Belarusian Currency Stock Exchange, the increase in the cost of monetary gold and also the foreign currency budget revenue,” the central bank said.

In April 2021 the planned repayment of foreign and domestic obligations in foreign currency in the amount by the government and the National Bank of Belarus made up some $105 million.

According to the country's main 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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