NATIONAL BANK OF THE REPUBLIC OF BELARUS

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07/08/2017

PRESS RELEASE

As at August 1, 2017, gold and foreign exchange reserves of the Republic of Belarus exceeded USD6.6 billion

As at August 1, 2017, international reserve assets of the Republic of Belarus amounted, according to the preliminary data, to USD6,664.8 million in the equivalent.

In July 2017, the gold and foreign exchange reserves increased by USD103.8 million (by 1.6%) after the growth in June 2017 by USD1,322.1 million (by 25.2%). In January – July, the reserves amounted to USD1,737.6 million (35.3%).

The receipt of funds from the sale of bonds denominated in foreign exchange by the National Bank of the Republic of Belarus, purchase of foreign exchange by the National Bank at the JSC "Belarusian Currency and Stock Exchange", an increase in the volume of funds in foreign exchange in the banks’ correspondent accounts with the National Bank, as well as an increase in the price of monetary gold were conducive to the growth in international reserve assets in July.

In July, the Government and the National Bank executed external and domestic liabilities in foreign exchange worth USD533 million.

In 2016, the volume of gold and foreign exchange reserves of the Republic of Belarus on the IMF’s SDDS definition increased by USD751 million (by 18%) to USD4,927.2 million in the equivalent as at January 1, 2017. The Monetary Policy Guidelines specify the growth in gold and foreign exchange reserves on the IMF’s SDDS definition by no less than USD500 million.




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