Belarus' gold and foreign currency reserves totalled $7,017.7mn as of 1 February 2019

Belarus' gold and foreign currency reserves totalled $7,017.7mn as of 1 February 2019
Belarus' gold and foreign currency reserves February 2019 were up to $7bn thanks to local bond sales and export revenues
By bne IntelliNews February 11, 2019

Belarus' gold and foreign currency reserves totalled $7,017.7mn as of 1 February 2019, if calculated in accordance with methods of the International Monetary Fund, according to the preliminary data from the National Bank of the Republic of Belarus.

In January 2019, the country's gold and foreign currency reserves went down by $139.9mn (or 2%). In January 2019, the National Bank and the government of the Republic of Belarus honoured the foreign and domestic obligations in foreign currency in the amount of about $650mn.

Belarus' gold and foreign exchange reserves were bolstered thanks to the budget revenues, including export duties on oil and oil products, the increased cost of monetary gold, revenues from selling government bonds nominated in foreign currency by the central bank.

According to the country's main monetary guidelines for 2019, the volume of international reserve assets is expected to make up at least $7.1bn on 1 January 2020.

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