EDB: Belarus’s Foreign Exchange Reserves Cover 90% of External Public Debt

The Eurasian Development Bank has commented on the growth of Belarus’s gold and foreign exchange reserves. According to EDB analysts, they now cover about 90% of the country’s external public debt.

“The achieved level of reserves provides coverage of around 90% of the state external debt,” the bank said in its weekly review of the economies of EDB member states.

As previously reported, the National Bank said last week that Belarus’s gold and foreign exchange reserves reached 15.7 billion dollars as of 1 February. In January alone, they increased by 1.28 billion dollars. The main contribution to the growth came from rising gold prices, which reached record highs at the end of January.