Belarus’ gold, FX reserves up 0.4% in July 2021 to $7.442bn

<p> MINSK, Aug 6 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totalled $7.442 billion as of Aug 1, 2021, up 0.4% month on month, says the Information and PR Department of the National Bank of Belarus (NBB). </p> <p>   </p> <p> “The increase in the level of foreign exchange reserves in July was mainly due to 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 cost of monetary gold,” reads the statement. </p> <p>   </p> <p> According to the National Bank, in July 2021 the government fulfilled foreign and domestic obligations in foreign currency in the amount of about $427m. </p> <p>   </p> <p> Reserve assets in the form of monetary gold grew in July 2021 by 3.5% to $2.939 billion; in the form of special drawing rights - down by 0.4% to $531.7 million; in foreign exchange - decreased by 13.8% to $3.002 billion. Other reserve assets increased by 74.9% in July 2021 to $969.2 billion. </p> <p>   </p> <p> Reserve assets in the form of monetary gold decreased in Jan-July 2021 by 3.4%; in the form of special drawing rights - decreased by 0.8%; in foreign exchange - increased by 1.4%; other reserve assets grew by 4.2%. </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>

2021-08-07

Primepress