Belarus’ Gold, FX Reserves Decreasing
For the second month in a row.
As of September 1st Belarus’ gold and foreign exchange reserves as defined by the IMF Special Data Dissemination Standard amounted up to $8.15 billion with decrease by $89 million as compared with August 1. As the National Bank explains, the decrease of gold and foreign currency reserves first of all relates to the closure of the swap transaction with China, as well as to repayment of external debts by Belarus.
At the same time the growth of the precious metal pricing on the world market has contributed to maintaining the level of gold and foreign currency reserves, as the National Bank stated.
By the national evaluation, the gold and foreign currency reserves of Belarus amounted up to $8.77 billion and reduced by more than a billion in a month.