Assets in precious metals

National Bank to increase its gold-and-currency reserves

“We’ll raise our gold-and-currency reserves to $10bn this year and won’t reduce them anymore,” stresses the Chairman of the Board of the National Bank of Belarus, Piotr Prokopovich. He adds that there are no plans to impose additional restrictions on Belarus’ foreign currency market.

In February, Belarus’ gold-and-currency reserves, in national terms, fell by $68m, to reach $5.5115bn on March 1st, 2011. The National Bank notes that the country has paid its first dividends on sovereign Eurobonds, on time and in full, paying out $43.75m.

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