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06 November 2020, 10:07

Belarus' gold, forex reserves up by 2.2% to $7.5bn in October

An archive photo
An archive photo

MINSK, 6 November (BelTA) - According to the preliminary data, Belarus' international reserve assets totaled $7,485.6 million as of 1 November 2020, BelTA learned from the Information and PR Department of the National Bank of the Republic of Belarus.

In October 2020, the country's gold and foreign currency reserves went up by $164.2 million (or 2.2%) following the September decline of $136.4 million (1.8%).

In October Belarus' gold and foreign exchange reserves were bolstered thanks to borrowings abroad by the government and the purchase of foreign currency by the National Bank via the Belarusian Currency Stock Exchange.

In October 2020, the government of the Republic of Belarus honored the foreign and domestic obligations in foreign currency in the amount of about $222 million.

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 by 1 January 2021.

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