Belarus’s foreign exchange reserves rose by $1.28 billion in January amid higher gold prices and reached a new record of $15.7 billion as of February 1, according to data published by the National Bank.
Last month, the main factor behind the growth of the reserves was the value of monetary gold. It should be recalled that at the end of January, gold prices jumped by 10 percent over the course of a week, setting a new record of nearly $5,600 per ounce, before undergoing a significant correction. According to the National Bank, the value of monetary gold included in the reserves increased by $1.16 billion in January to $8.63 billion.
The value of special drawing rights rose by $17 million to $1.43 billion, while reserve assets in foreign currency increased by $100.6 million to $5.64 billion. The reserve position in the IMF and other assets, amounting to $0.03 million and $0.1 million respectively, remained unchanged.
Over the year, compared with February 1, 2025, foreign exchange reserves increased by $6.37 billion. The value of monetary gold rose by $3.76 billion, special drawing rights by $79.1 million, and reserve assets in foreign currency by $2.53 billion.
