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07 October 2020, 16:54

Belarus international reserve assets

Belarus international reserve assets

Belarus' gold and foreign currency reserves totaled $7,321.4 million (in equivalent)** as of 1 October 2020, down by $136.4 million (or 1.8%)*.

The main reasons for the decline in forex reserves in September:

the government of the Republic of Belarus honored the foreign and domestic obligations in foreign currency;

the cost of monetary gold went down.

The efforts to maintain forex reserves in September included:

the purchase of foreign currency by the central bank via the Belarusian Currency Stock Exchange,

budget revenues in foreign currency.

In September, the government honored the foreign and domestic obligations in foreign currency in the amount of about $299.7 million.

Belarus' gold and foreign currency reserves in 2020:

1 January - $9,393.5 million

1 February - $9,243.1 million,

1 March - $8,804.9 million,

1 April - $7,786.5 million,

1 May - $7,882.9 million,

1 June - $7,879.3 million,

1 July - $8 795.7 million,

1 August - $8 857.5 million,

1 September - $7,457.8 million,

1 October - $7,321.4 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 on 1 January 2021.

*In line with the methodology of the International Monetary Fund

**Preliminary data

Source: The National Bank of the Republic of Belarus.

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