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20.06.2012

Belarus foreign assets up 3.8% in January-May

MINSK, 20 June (BelTA) – In January-May 2012 the total volume of Belarus’ international reserve assets and other assets of Belarus’ official bodies (the National Bank and the government) went up by 3.8% to $11.05 billion as of 1 June 2012. Contraction in May was 4.25%, BelTA learnt from the National Bank of the Republic of Belarus.

Of the total volume of foreign assets of Belarus’ official bodies, reserve assets made up $8.04 billion as of 1 June, increasing by 1.5% in January-May. Other assets in foreign currency and gold not included in the reserves (in banks with rating below “A” as rated by Fitch Ratings and Standard and Poor’s, and also “A2” as rated by Mood’s Investor Service) went up by 10.5% from the beginning of the year and reached $3.01 billion as of 1 June (down 15.5% in May).

The spending the authorities are expected to make in foreign currency during the year amounted to $4.6 billion as of 1 June 2012. A total of $3.6 billion need to be paid on the loans and bonds. Discharge of the obligations under the forward transactions will require $987.5 million.

Contingent liabilities in foreign currency (mostly the guarantees issued by the Government and the National Bank) may require the payment of $1.44 billion within 12 months after 1 June 2012.