Golovchenko: Belarus’ gold and forex reserves reach $12.7bn

MINSK, 9 September (BelTA) - Belarus’ gold and forex reserves have reached $12.7 billion, Chairman of the Board of the National Bank Roman Golovchenko said at a meeting hosted by the Belarusian president on 9 September, BelTA has learned.

“Financial and price stability have been ensured. Over the past three years, inflation has averaged no more than 6%. Gold and forex reserves have already reached $12.7 billion, having increased by almost $5 billion since the beginning of the current five-year plan. Of this amount, $3.5 billion was added in the past eight months of the current year. Yes, the increase in the price of gold on world markets played a significant role. But this is not the only reason. The policy of managing gold and forex reserves pursued by the National Bank also made a substantial contribution to the increase,” Roman Golovchenko stated.