07/08/2018  
Press Release

On August 1, gold and foreign exchange reserves of the Republic of Belarus totaled USD7 billion


As of August 1, 2018, the volume of gold and foreign exchange reserves of the Republic of Belarus according to the preliminary data accounted for USD7,030.2 million in the equivalent.

In July 2018, gold and foreign exchange reserves increased by USD198.8 million (by 2.9%) after a decline in June 2018 by USD108.2 million (by 1.6%).

The purchase of foreign exchange by the National Bank at the JSC "Belarusian Currency and Stock Exchange", receipt of funds in foreign exchange to the budget, including export duties on oil and oil products, as well as proceeds from the sale of bonds denominated in foreign exchange by the National Bank and the Ministry of Finance in the domestic market were conductive to the growth in the level of international reserve assets in July.

In July, the Government and the National Bank fulfilled external and internal foreign exchange obligations worth about USD450 million.

According to 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 of the Republic of Belarus and the National Bank, should be at least USD6 billion.