Belarus’ gold, FX reserves up 1.2% in Dec 2020 to $7.489bn
<p> MINSK, Jan 6 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totaled $7.489 billion as of January 1, 2020, up 1.2% in December 2020, says the Information and PR Department of the National Bank of the Republic of Belarus. </p> <p> </p> <p> The reserves decreased in 2020 by 20.5% 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 $227 million, and the sale of foreign exchange on the Belarusian Currency and Stock Exchange, reads the statement. </p> <p> </p> <p> The reserves were replenished in 2020 through the placement of bonds denominated in foreign exchange by the Ministry of Finance on foreign and domestic markets, external borrowing, other FX receipts and thanks to the increased value of monetary gold. </p> <p> </p> <p> Reserve assets in the form of monetary gold increased in Dec 2020 by 7.3% to $3.042 billion; in the form of special drawing rights - increased by 1.1% to $536.1 million; in foreign exchange - decreased by 0.5% to $2.961 billion. Other reserve assets decreased by 10.1% in Dec 2020 to $930 million. </p> <p> </p> <p> Reserve assets in the form of monetary gold increased in 2020 by 27.4%; in the form of special drawing rights – up 4.3%; in foreign exchange – down 46.7%. Other reserve assets decreased in 2020 by 0.6%. </p> <p> </p> <p> In accordance with the 2020 guidelines for Belarus’ monetary management policy, Belarus’ gold and foreign exchange reserves were supposed to reach at least $7.3 billion as of Jan 1, 2021, taking into account the repayment of the domestic and foreign debts in FX by the government and the National Bank. </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> <p> </p>
2021-01-07
Primepress
MINSK, Jan 6 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totaled $7.489 billion as of January 1, 2020, up 1.2% in December 2020, says the Information and PR Department of the National Bank of the Republic of Belarus.
The reserves decreased in 2020 by 20.5% 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 $227 million, and the sale of foreign exchange on the Belarusian Currency and Stock Exchange, reads the statement.
The reserves were replenished in 2020 through the placement of bonds denominated in foreign exchange by the Ministry of Finance on foreign and domestic markets, external borrowing, other FX receipts and thanks to the increased value of monetary gold.
Reserve assets in the form of monetary gold increased in Dec 2020 by 7.3% to $3.042 billion; in the form of special drawing rights - increased by 1.1% to $536.1 million; in foreign exchange - decreased by 0.5% to $2.961 billion. Other reserve assets decreased by 10.1% in Dec 2020 to $930 million.
Reserve assets in the form of monetary gold increased in 2020 by 27.4%; in the form of special drawing rights – up 4.3%; in foreign exchange – down 46.7%. Other reserve assets decreased in 2020 by 0.6%.
In accordance with the 2020 guidelines for Belarus’ monetary management policy, Belarus’ gold and foreign exchange reserves were supposed to reach at least $7.3 billion as of Jan 1, 2021, taking into account the repayment of the domestic and foreign debts in FX by the government and the National Bank.
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