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12 January 2021, 11:41

Belarus' gold reserves up by 1 tonne to 43.2 tonnes in 2020

Archive photo
Archive photo

MINSK, 12 January (BelTA) – Belarus' gold reserves rose by 1 tonne in 2020 to total 43.2 tonnes on 1 January 2021, BelTA learned from the website of the National Bank of the Republic of Belarus (NBRB).

As of 1 January 2020, Belarus' gold reserves amounted to 42.2 tonnes, as of 1 January 2019 they came at 41.2 tonnes.

The gold reserves comprise precious metals in the form of bank bullion bars. They are managed by the NBRB and are part of the state fund of precious metals and precious stones of Belarus.

Availability of gold reserves supports the confidence of residents and non-residents of Belarus in the NBRB and the government's ability to meet the financial obligations and to conduct a monetary policy. Precious metals can be sold, exchanged or used in settlements, should such a need arise.

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