/ / News
07.05.2013

Belarus gold, forex reserves up to $8.2bn in April in IMF terms

MINSK, 7 May (BelTA) – According to provisional data, as of 1 May 2013 Belarus’ gold and foreign exchange reserves totaled the equivalent of $8,254.9 million in line with standards of the International Monetary Fund, up by $106.2 million in April 2013, representatives of the Information and Public Relations Office of the National Bank of the Republic of Belarus told BelTA.

In national terms the gold and foreign exchange reserves amounted to the equivalent of $9,283.6 million as of 1 May 2013, up by $63.3 million.

Belarus’ gold and foreign exchange reserves have increased thanks to the fifth $440 million tranche of the EurAsEC Anticrisis Fund loan. A considerable decrease in gold prices on the international market of precious metals has rendered a negative impact on the volume of the country’s gold and forex reserves, explained the source. However, the National Bank and the Belarus government honored their domestic and foreign liabilities in foreign currency in full.

In IMF terms Belarus’ gold and foreign exchange reserves amounted to the equivalent of $8,095 million as of 1 January 2013. In national terms the reserves amounted to $8,763.1 million. There are plans to raise the international reserve assets by $300-700 million for the sake of ensuring the national economic security in 2013.