NATIONAL BANK OF THE REPUBLIC OF BELARUS

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06/04/2018

PRESS RELEASE

On April 1, gold and foreign exchange reserves of the Republic of Belarus totaled USD 6.99 billion

As of April 1, 2018, the volume of international reserve assets of the Republic of Belarus, according to the preliminary data, accounted for USD 6 994.6 million in the equivalent.

In March 2018, gold and foreign exchange reserves decreased by USD 98.8 million (by 1.4%) after an increase in February 2018 by USD 616.1 million (by 9.5%).

The decrease in the level of international reserves assets in March was due to scheduled repayment by the Government and the National Bank of the Republic of Belarus of foreign and domestic obligations in foreign exchange for the total amount of USD 415 million.

The level of international reserve assets was maintained due to the foreign exchange receipts to the budget, including revenues from export duties on oil and oil products, sales of bonds denominated in foreign exchange by the National Bank and the Ministry of Finance in the domestic market, purchase of foreign exchange at the JSC "Belarusian Currency and Stock Exchange", as well as increase in the price for monetary gold.

According to the Monetary Policy Guidelines for 2018, the volume of gold and foreign exchange reserves as of January 1, 2019, taking into account the repayment of foreign exchange internal and external obligations by the Government and the National Bank of the Republic of Belarus, should be at least USD 6 billion.




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