Belarus’ reserve assets to exceed $6 billion by year end - Kallaur
<p> MINSK, Apr 15 - PrimePress. Belarus’ gold and foreign exchange reserves will exceed $6 billion in 2021, which will be harmonious with the monetary policy targets, Chairman of the National Bank of Belarus Pavel Kallaur told a press conference on April 15. </p> <p> </p> <p> “Gold and foreign currency reserves amounted to $6.9 billion on April 1. At the end of the year, taking into account the projected receipts and payments, we estimate that they will be more than $6 billion,” BelTA reports citing Kallaur as saying. In his words, this will cover about two months of imports of goods and services. </p> <p> </p> <p> As previously reported, Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totalled $6.94 billion as of Apr 1, 2021, down 2.5% month on month. 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 stood at $9.394bn as of Jan 1, 2021, down 20.5% year on year. End </p>
2021-04-16
Primepress
Belarus’ reserve assets to exceed $6 billion by year end - Kallaur
MINSK, Apr 15 - PrimePress. Belarus’ gold and foreign exchange reserves will exceed $6 billion in 2021, which will be harmonious with the monetary policy targets, Chairman of the National Bank of Belarus Pavel Kallaur told a press conference on April 15.
“Gold and foreign currency reserves amounted to $6.9 billion on April 1. At the end of the year, taking into account the projected receipts and payments, we estimate that they will be more than $6 billion,” BelTA reports citing Kallaur as saying. In his words, this will cover about two months of imports of goods and services.
As previously reported, Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totalled $6.94 billion as of Apr 1, 2021, down 2.5% month on month. 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.
Belarus’ international reserves stood at $9.394bn as of Jan 1, 2021, down 20.5% year on year. End