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07-05-2012 11:15 Belarus

Belarus’ forex reserves up 0.5% since 1 January 2012

MINSK, (BelTA) – According to the National Bank, since the beginning of the year Belarus’ gold and foreign exchange reserves increased by $40.8 million, or 0.5%, from $7915,9 million as of 1 January to $7956,7 million as of 1 May in IMF terms, BelTA learnt from the Information Office of the National Bank of the Republic of Belarus.

In national terms the gold and foreign exchange reserves amounted to $9,510.2 million, up $123 million since 1 January 2012, or by 1.3%.

However, in April, for the first time this year, the gold and forex reserves of Belarus declined by 1.6%, or $128.5 million in IMF terms. According to the National Bank, the decline was due to the repayment of the country’s internal and external obligations in foreign currency. The obligations of the National Bank worth more than $400 million were fulfilled ahead of schedule.

Belarus’ gold and foreign currency reserves in IMF terms are projected to make up $7.92 -8.33 billion as of 1 January 2013, the National Bank informs.

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