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08 July 2020, 10:10

International reserve assets of Belarus

International reserve assets of Belarus

In June 2020 Belarus' gold and foreign exchange reserves gained $916.4 million (11.6%)* to reach the equivalent of $8,795.7 million as of 1 July**.

Sources to replenish the reserves in June:

revenues from eurobond sale by the Finance Ministry;

higher prices for monetary gold.

In June, the government and the central bank honored external and internal commitments in foreign currencies to the tune of about $287 million

Belarus' gold and foreign exchange reserves in 2020 (million USD):

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.

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

** Preliminary data

Source: The National Bank of the Republic of Belarus

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