Belarus’ gold, FX reserves down 4.6% in Jun 2021 to $7.409bn
MINSK, Jul 8 - PrimePress. Belarus’ gold and foreign exchange reserves calculated in accordance with methods of the International Monetary Fund totalled $7.409 billion as of July 1, 2021, down 4.6% month on month, says the Information and PR Department of the National Bank of Belarus (NBB). <br> <br> “The decrease in the gold and foreign exchange reserves in June was mainly due to the fulfilment of foreign and domestic obligations in foreign exchange by the government in the amount of about $240 million and a decrease in the value of monetary gold,” reads the statement.<br> <br> The reserves were replenished in May 2021 through the receipts of foreign exchange to the national budget, including from export duties and Finance Ministry’s FX borrowings, the NBB says.<br> <br> Reserve assets in the form of monetary gold decreased in June 2021 by 7.2% to $2.839 billion; in the form of special drawing rights - down 0.7% to $533.8 million; in foreign exchange - increased by 9% to $3.482 billion. Other reserve assets decreased by 43% in June 2021 to $554.2 billion.<br> <br> Reserve assets in the form of monetary gold decreased in Jan-Jun 2021 by 6.7%; in the form of special drawing rights - decreased by 0.43%; in foreign exchange - increased by 17.6%; other reserve assets were down 40.4%.<br> <br> 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.<br> <br> 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<br> <br>
2021-07-08
Primepress
Belarus’ gold, FX reserves down 4.6% in Jun 2021 to $7.409bn
“The decrease in the gold and foreign exchange reserves in June was mainly due to the fulfilment of foreign and domestic obligations in foreign exchange by the government in the amount of about $240 million and a decrease in the value of monetary gold,” reads the statement.
The reserves were replenished in May 2021 through the receipts of foreign exchange to the national budget, including from export duties and Finance Ministry’s FX borrowings, the NBB says.
Reserve assets in the form of monetary gold decreased in June 2021 by 7.2% to $2.839 billion; in the form of special drawing rights - down 0.7% to $533.8 million; in foreign exchange - increased by 9% to $3.482 billion. Other reserve assets decreased by 43% in June 2021 to $554.2 billion.
Reserve assets in the form of monetary gold decreased in Jan-Jun 2021 by 6.7%; in the form of special drawing rights - decreased by 0.43%; in foreign exchange - increased by 17.6%; other reserve assets were down 40.4%.
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 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