NATIONAL BANK OF THE REPUBLIC OF BELARUS

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06/10/2017

PRESS RELEASE

As at October 1, 2017, gold and foreign exchange reserves of the Republic of Belarus exceeded USD7.2 billion

As at October 1, 2017, international reserve assets of the Republic of Belarus amounted, according to the preliminary data, to USD7, 266.7million in the equivalent.

In September 2017, the gold and foreign exchange reserves increased by USD273.1 million (by 3.9%) after the growth in August 2017 by USD328.8 million (by 4.9%). In January – September, the reserves increment amounted to USD2, 339.5 million (47.5 %).

Receipt of funds in foreign exchange to the budget, including those at the expense of the public financial loan of the Russian Federation’s Government and export duties on oil and oil products, was conducive to the growth in international reserve assets in September. Increase in the price of monetary gold as well as receipt of funds from the sale of bonds denominated in foreign exchange by the National Bank of the Republic of Belarus also had positive influence on the growth of reserves.

In September, the Government and the National Bank executed external and domestic liabilities in foreign exchange worth USD450 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 for 2017 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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