Belarus’ gold, FX reserves up 1.1% in Oct 2021 to $8.55bn

<p> MINSK, Nov 5 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totalled $8.55 billion as of Nov 1, 2021, up 1.1% month on month, says the Information and PR Department of the National Bank of Belarus (NBB). </p> <p>   </p> <p> “October’s increase in the level of international reserve assets was mainly due to the purchase of foreign currency by the National Bank at the Belarusian Currency and Stock Exchange, as well as an increase in the value of monetary gold,” the report says. </p> <p>   </p> <p> In Oct 2021 the government parted with $175m as part of scheduled repayment of foreign and domestic liabilities in foreign currency. </p> <p>   </p> <p> Reserve assets in the form of monetary gold increased in Oct 2021 by 2.4% to $3.032 billion; in the form of special drawing rights – down 0.2% to $1.451 billion; in foreign exchange - up 1.9% to $4.067 billion. Other reserve assets were nil in Oct 2021. </p> <p>   </p> <p> Reserve assets in the form of monetary gold decreased in Jan-Oct 2021 by 0.3%; in the form of special drawing rights - increased by 2.7 times; in foreign exchange - increased by 37.4%. </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> <p>   </p>

2021-11-06

Primepress