Belarus’ gold, FX reserves up 11.6% in Jun 2020 to $8.796bn
<p> MINSK, Apr 7 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totaled $8.796 billion as of July 1, 2020, being up 11.6% in June 2020, says the Information and PR Department of the National Bank of the Republic of Belarus. </p> <p> </p> <p> “The reserves increased in June primarily thanks to the placement of Eurobonds by the Ministry of Finance, and a rise in the value of monetary gold,” reads the report. </p> <p> </p> <p> As previously reported, Belarus completed the placement of two Eurobond issues worth a total of $1.25 billion on June 24, 2020. Bonds worth $500 million will mature in February 2026, the yield being 5.875% per annum; bonds worth $750 million will mature in February 2031, the yield being 6.378% per annum. </p> <p> </p> <p> In June 2020, the government and the National Bank of Belarus paid off $287 million under foreign and domestic liabilities in foreign exchange. </p> <p> </p> <p> Reserve assets in the form of monetary gold increased in June 2020 by 2.3% to $2.8 billion; in the form of special drawing rights - increased by 0.9% to $513 million; in foreign exchange - decreased by 5.3% to $4.216 billion. Other reserve assets grew 7-fold in June to $1.267 billion. </p> <p> </p> <p> The international reserve assets of Belarus, calculated according to the IMF methodology, decreased in January-June 2020 by 6.4%. </p> <p> </p> <p> Reserve assets in the form of monetary gold increased in January-June 2020 by 17.3%; in the form of special drawing rights – down 0.2%; in foreign exchange – down 24.1%. Other reserve assets increased by 35.4% in January-June 2020. </p> <p> </p> <p> In accordance with the 2020 guidelines for Belarus’ monetary management policy, Belarus’ gold and foreign exchange reserves are supposed to reach at least $7.3 billion as of Jan 1, 2021. </p> <p> </p> <p> Belarus’ international reserves calculated in accordance with methods of the International Monetary Fund stood at 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>
2020-07-07
Primepress
Belarus’ gold, FX reserves up 11.6% in Jun 2020 to $8.796bn
MINSK, Apr 7 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totaled $8.796 billion as of July 1, 2020, being up 11.6% in June 2020, says the Information and PR Department of the National Bank of the Republic of Belarus.
“The reserves increased in June primarily thanks to the placement of Eurobonds by the Ministry of Finance, and a rise in the value of monetary gold,” reads the report.
As previously reported, Belarus completed the placement of two Eurobond issues worth a total of $1.25 billion on June 24, 2020. Bonds worth $500 million will mature in February 2026, the yield being 5.875% per annum; bonds worth $750 million will mature in February 2031, the yield being 6.378% per annum.
In June 2020, the government and the National Bank of Belarus paid off $287 million under foreign and domestic liabilities in foreign exchange.
Reserve assets in the form of monetary gold increased in June 2020 by 2.3% to $2.8 billion; in the form of special drawing rights - increased by 0.9% to $513 million; in foreign exchange - decreased by 5.3% to $4.216 billion. Other reserve assets grew 7-fold in June to $1.267 billion.
The international reserve assets of Belarus, calculated according to the IMF methodology, decreased in January-June 2020 by 6.4%.
Reserve assets in the form of monetary gold increased in January-June 2020 by 17.3%; in the form of special drawing rights – down 0.2%; in foreign exchange – down 24.1%. Other reserve assets increased by 35.4% in January-June 2020.
In accordance with the 2020 guidelines for Belarus’ monetary management policy, Belarus’ gold and foreign exchange reserves are supposed to reach at least $7.3 billion as of Jan 1, 2021.
Belarus’ international reserves calculated in accordance with methods of the International Monetary Fund stood at 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