Belarus’ gold, FX reserves down 3.5% in Jan 2021 to $7.203bn

<p> MINSK, Feb 5 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totalled $7.203 billion as of Feb 1, 2021, down 3.5% in Jan 2021, says the Information and PR Department of the National Bank of Belarus (NBB). </p> <p>   </p> <p> The reserves decreased in Jan 2021 in IMF terms primarily due to the repayment of the foreign and domestic debts by the government and the National Bank of Belarus (NBB) in the amount of $410.6 million, and also due to the decreased value of monetary gold. </p> <p>   </p> <p> The reserves were replenished in Jan 2021 through the placement of bonds denominated in foreign exchange by the Ministry of Finance on foreign and domestic markets, other FX receipts. </p> <p>   </p> <p> Reserve assets in the form of monetary gold decreased in Jan 2021 by 1.5% to $2.996 billion; in the form of special drawing rights - increased by 0.5% to $536.2 million; in foreign exchange - decreased by 7.24% to $2.747 billion. Other reserve assets decreased by 0.56% in Jan 2021 to $924.8 million. </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 $9.394bn 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>

2021-02-06

Primepress