NATIONAL BANK OF THE REPUBLIC OF BELARUS

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08/11/2017

PRESS RELEASE

Gold and foreign exchange reserves of the Republic of Belarus totaled USD7.395 billion as at November 1, 2017

As at November 1, 2017, the international reserve assets of the Republic of Belarus totaled USD7,395.3 million (in equivalent) according to the preliminary data.

In October 2017, gold and foreign exchange reserves grew by USD128.6 million (by 1.8%) following their growth in September 2017 by USD273.1 million (by 3.9%). In January – October, the reserves grew by USD2,468.1 million ( by 50%).

Foreign exchange receipts to the budget, including the funds of the next tranche within the credit of the Eurasian Fund for Stabilization and Development and export duties on oil and oil products contributed to the increase in the international reserve assets in October. Arrival of funds from the sale by the National Bank of bonds denominated in foreign exchange and purchases of foreign exchange at the trades of OJSC "Belarusian Currency and Stock Exchange" made a positive impact on the growth of foreign exchange reserves as well.

In October, the Government and the National Bank met external and domestic liabilities in foreign exchange worth USD700 million.

In 2016, gold and foreign exchange reserves of the Republic of Belarus on the IMF’s SDDS definition went up by USD751 million (by 18.0%) up to USD4,927.2 million in the equivalent as of January 1, 2017. The Monetary Policy Guidelines for 2017 stipulate the growth of gold and foreign exchange reserves in the IMF’s SDDS definition by no less than USD500 million.




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