17-08-2012 09:40 Belarus
Yermakova: Belarus’ gold and foreign currency reserves should make up $8.2bn by 2013
Gold and foreign currency reserves of Belarus should make up $8.2 billion by the end of 2012, Chairperson of the Board of the National Bank of Belarus Nadezhda Yermakova told reporters at the opening of a new central office of Bank BelVEB on 16 August, BelTA has learnt.
Nadezhda Yermakova underlined that foreign currency transactions are under special control of the Belarusian government and the National Bank. She noted that replenishment of gold and foreign currency reserves is among the number one tasks of Belarus. This task should be addressed not only by the government and the National Bank, but also people working in the manufacturing, financial and social sectors.
By the year-end Belarus’ gold and foreign currency reserve should reach $8.2 billion, the National Bank chief underlined. “This will allow us to sustain two months of import,” Nadezhda Yermakova said. She reminded that this year import shrank considerably compared to the last year.
As of 1 August, Belarus’ gold and foreign currency reserves as defined by the IMF Special Data Dissemination Standard were tentatively estimated at $8,230.2 million.