Belarus' gold, forex reserves at all-time high of almost $12bn

MINSK, 5 August (BelTA) – According to preliminary data, Belarus' gold and foreign exchange reserves were estimated at $11.938 billion in equivalent on 1 August, BelTA reports citing the information published on the website of the National Bank.

In July 2025, gold and foreign exchange reserves went up by $400.3 million (3.5%) after an increase of $379.3 million (3.3%) in June.

Belarus' international reserves are made up mostly of foreign currency assets and monetary gold. According to the National Bank, the amount of foreign currency in the reserves stood at $4.817 billion as of 1 August, up $389.9 million (8.8%) month-on-month. The amount of monetary gold was estimated at $5.710 billion, up $18.7 million (0.33%).

According to the monetary policy targets, the amount of Belarus' international reserves by the end of 2025 should be at least $7.1 billion.