17-08-2012 09:33 Belarus
Belarus' foreign assets up 7.2% in January-July
In January-July 2012 Belarus’ official reserve assets and other assets went up by 7.2% to $11.4 billion as of 1 August 2012. Growth in July was 3.3%, 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 $8.25 billion, having increased by 4.2% in January-July. 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 Moody’s Investor Service) went up by 15.9% from the beginning of the year and reached $3.16 billion as of 1 August (up 16.3% in July).
The expected spending of the authorities in foreign currency amounted to $5.25 billion as of 1 August 2012. A total of $4.28 billion will need to be paid on the loans and bonds. Discharge of the obligations under the forward transactions will require $968.5 million.
Contingent liabilities in foreign currency (mostly the guarantees issued by the Government and the National Bank) may require the payment of $1.47 billion within 12 months after 1 August 2012.