Belarus’s foreign exchange and gold reserves declined by $881.8 million in June, marking the sharpest monthly drop in recent months.
According to the National Bank, the country’s foreign exchange and gold reserves stood at $14.156 billion as of July 1.
The National Bank attributed the decline in reserves to a fall in the price of gold.
In June, the value of gold included in the reserves decreased by $896.8 million to $6.98 billion. The value of Special Drawing Rights also declined by $9.4 million to just under $1.4 billion. Reserve assets in foreign currency increased by $24.5 million to $5.77 billion. The reserve position in the International Monetary Fund, at $0.03 million, and other reserve assets, at $0.1 million, remained unchanged.
Since the beginning of the year, Belarus’s foreign exchange and gold reserves have decreased by $267.2 million. Over the same period, the value of gold has fallen by $485.9 million, Special Drawing Rights have declined by $14.2 million, while reserve assets in foreign currency have increased by $232.8 million.
