
MINSK, 11 August (BelTA) – Analysts from the Eurasian Development Bank (EDB) have outlined the factors contributing to the growth of Belarus’ gold and foreign exchange reserves, BelTA reports citing the macroeconomic review of the EDB.
According to the EDB, Belarus continues to actively accumulate gold and forex reserves, setting a new record high. In July 2025 alone, the reserves increased by over $400 million, reaching nearly $12 billion by early August.
“The growth was primarily driven by foreign currency reserve assets, which rose by $389.9 million amid an excess of currency supply over demand by $273.5 million in the market. The value of gold in the reserves structure also increased due to rising global prices (up 0.3% month-on-month),” the EDB noted.
Since the beginning of 2025, Belarus’ reserves have grown by more than $3 billion.
According to the EDB, Belarus continues to actively accumulate gold and forex reserves, setting a new record high. In July 2025 alone, the reserves increased by over $400 million, reaching nearly $12 billion by early August.
“The growth was primarily driven by foreign currency reserve assets, which rose by $389.9 million amid an excess of currency supply over demand by $273.5 million in the market. The value of gold in the reserves structure also increased due to rising global prices (up 0.3% month-on-month),” the EDB noted.
Since the beginning of 2025, Belarus’ reserves have grown by more than $3 billion.