Belarus’ gold, FX reserves up 4.9% in Apr 2021 to $7.278bn

<p> MINSK, May 7 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totalled $7.278 billion as of May 1, 2021, up 4.9% 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 April was mainly due to the purchase of foreign currency by the National Bank at the Belarusian Currency and Stock Exchange, an increase in the cost of monetary gold, as well as the inflow of foreign currency into the budget,” reads the statement. </p> <p>   </p> <p> According to the National Bank, in April 2021 the government fulfilled foreign and domestic obligations in foreign currency in the amount of about $105m. </p> <p>   </p> <p> Reserve assets in the form of monetary gold grew in Apr 2021 by 4.5% to $2.843 billion; in the form of special drawing rights - up by 1% to $533.9 million; in foreign exchange - increased by 0.7% to $2.854 billion. Other reserve assets increased by 22% in Apr 2021 to $1.047 billion. </p> <p>   </p> <p> Reserve assets in the form of monetary gold decreased in Jan-Apr 2021 by 6.5%; in the form of special drawing rights - decreased by 0.4%; in foreign exchange - decreased by 3.6%; other reserve assets grew by 12.6%. </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>

2021-05-08

Primepress