Posted: 07.09.2021 12:31:00

Gold and currency reserves up

As of September 1st, Belarus' international reserve assets made $8,496.7m (in equivalent) – as informed by the National Bank’s Information and PR Department

In August 2021, the country’s gold and foreign currency reserves increased by $1,054.3m (14.2 percent) – after rising by $33m (0.4 percent) in July.

According to the National Bank, the August increase was ‘mainly due to the distribution of special drawing rights of the International Monetary Fund, the purchase of foreign currency by the National Bank at the Belarusian Currency and Stock Exchange, and the budget receipt of foreign currency’.

In addition, it is reported that, over the previous month, the Government fulfilled about $340m of external and internal obligations in foreign currency.

According to the Monetary Policy Guidelines for 2021, the volume of international reserve assets as of January 1st, 2022 should make at least $6bn.