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24 January 2020
19:58
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International reserve assets of Belarus

International reserve assets of Belarus

08.01.2020 | 15:30

According to preliminary data, in December 2019 Belarus' gold and foreign exchange reserves gained $234.7 million (2.6%)* to reach the equivalent of $9,393.5 million as of 1 January 2020.

On the whole, in 2019 the international reserve assets rose by $2.2 billion (31.2%).

Sources to replenish the reserves:

acquisition of foreign currency via OAO Belarusian Currency and Stock Exchange;

state budget revenues from taxes, duties, and other fees in foreign currencies;

issuance of bonds nominated in foreign currencies.

Meanwhile, the government and the central bank honored external and internal commitments in foreign currencies to the tune of about $4.2 billion in 2019, including about $355 million in December.

(million USD)

1 January – 7,157.6,

1 February – 7,017.7,

1 March – 7,095.1,

1 April – 7,245.6,

1 May – 7,568.4,

1 June – 8,090.0,

1 July – 8,290.7,

1 August – 8,627.9,

1 September – 8,891.0,

1 October – 8,830.9,

1 November – 9,193.8,

1 December – 9,158.9.

In line with the main monetary management guidelines for 2020 the volume of the international reserve assets is supposed to be at least $7.3 billion as of 1 January 2021 taking into account the external and internal commitments the government and the central bank will have to honor.

*In line with methods of the International Monetary Fund.

Source: The National Bank of the Republic of Belarus.