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Economy
05 November 2021, 11:10

Belarus' gold, forex reserves up by 1.1% to $8.5bn in October

MINSK, 5 November (BelTA) - According to the preliminary data, Belarus' gold and foreign currency reserves totaled $8,549.7 billion as of 1 November 2021, BelTA learned from the Information and PR Department of the National Bank of the Republic of Belarus.

In October 2021, the country's gold and foreign currency reserves went up by $89.8 million (by 1.1%) following the September decrease of $36.8 million (0.4%).

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

In October 2021 the government honored the foreign and domestic obligations in foreign currency in the amount of about $175 million.

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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