Belarus’ gold and foreign currency reserves grew by 1.3 percent in June
As of July 1st, 2022, according to preliminary data, the international reserve assets of the Republic of Belarus totalled $7,506.2m (in equivalent) – as reported by the National Bank of Belarus
In June 2022, the country’s gold and foreign currency reserves rose by $96.6m (by 1.3 percent) after a decrease in May by $351.5m (by 4.5 percent).
The increase in the level of gold and foreign currency reserves in June was mainly facilitated by the purchase of foreign currency by the National Bank at the auctions of the Belarusian Currency and Stock Exchange, as well as the receipt of foreign currency in the budget.
Part of the resources was directed to repay the government’s debts of $210m. Falling world prices for gold and its revaluation reduced the level of gold and foreign currency reserves in June.
According to the major monetary policy guidelines for 2022, the volume of international reserve assets as of January 1st, 2023, should be at least $7.0bn.
