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15 January 2021, 18:42

Belarus' gold, forex reserves

Belarus' gold, forex reserves

As of 1 January 2021 Belarus' gold and foreign currency reserves totaled $7,468.5 million in equivalent.*

Overall, the country's international reserve assets decreased by $1.9 billion (or 20.5%) in 2020.

Major factors that affected the country's gold and foreign exchange reserves:

- scheduled repayment of foreign and domestic obligations in foreign currency;

- sale of foreign currency by the National Bank via the Belarusian Currency and Stock Exchange.

Major contributors to the country's gold and foreign exchange reserves:

- revenues from selling government bonds nominated in foreign currency by the Finance Ministry in domestic and foreign markets;

- external government loans;

- other foreign currency budget revenues;

- increase in the value of monetary gold.

Belarus' gold and forex reserves in 2020 ($ million):

1 January – 9,393.5

1 February – 9,243.1

1 March – 8,804.9

1 April – 7,786.5

1 May – 7,882.9

1 June – 7,879.3

1 July – 8,795.7

1 August - 8,857.5

1 September - 7,457.8

1 October - 7,321.4

1 November - 7,485.6

1 December - 7,376.3,

1 January 2021 - 7,468.5

According to the country's main monetary guidelines for 2020, the volume of international reserve assets was expected to total at least $7.3 billion on 1 January 2021.

*Preliminary data

Source: National Bank of the Republic of Belarus

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