Belarus’ gold, FX reserves down 0.9% in Nov 2021 to $8.469bn

<p> MINSK, Dec 7 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totalled $8.469 billion as of Dec 1, 2021, down 0.9% month on month, says the Information and PR Department of the National Bank of Belarus (NBB). </p> <p>   </p> <p> “November’s decrease in the level of international reserve assets was mainly due to the government’s scheduled repayment of foreign and domestic liabilities in foreign currency in the amount of about $275m,” the statement said. </p> <p>   </p> <p> “The purchase of foreign currency by the National Bank at the Belarusian Currency and Stock Exchange, the inflow of foreign currency into the budget, as well as an increase in the value of monetary gold, contributed to sustaining the level of the country’s reserves,” the National Bank said. </p> <p>   </p> <p> Reserve assets in the form of monetary gold increased in Nov 2021 by 2% to $3.093 billion; in the form of special drawing rights – down 1.3% to $1.431 billion; in foreign exchange - down 3% to $3.945 billion. Other reserve assets were nil as of 1 Dec 2021. </p> <p>   </p> <p> Reserve assets in the form of monetary gold increased in Jan-Nov 2021 by 1.7%; in the form of special drawing rights - increased by 2.67 times; in foreign exchange - increased by 33.2%. </p> <p>   </p> <p> In accordance with the 2021 guidelines for Belarus’ monetary management policy, Belarus’ gold and foreign exchange reserves were supposed to reach at least $6 billion as of Jan 1, 2022. </p> <p>   </p> <p> Belarus’ international reserves calculated in accordance with methods of the International Monetary Fund stood at $7.469bn as of Jan 1, 2021, U.S. $9.394bn as of Jan 1, 2020; $7.158 billion as of Jan 1, 2019; at $7.315bn as of Jan 1, 2018; $4.927bn as of Jan 1, 2017; $4.176bn as of Jan 1, 2016; $5.059bn as of Jan 1, 2015; $6.651bn as of Jan 1, 2014; $8.095bn as of Jan 1, 2013. End </p>

2021-12-08

Primepress