Belarus' Gold And Forex Reserves "Slimmed" By $ 108.2 Million In June

In May, the gold and forex reserves also decreased.

According to the preliminary data from the press release of the National Bank, Belarusian international reserve assets amounted to 6.831 billion dollars (in equivalent) as of July 1, 2018, having decreased by $ 108.2 million (1.6%) in June after the May decline of $ 98.5 million, tut.by writes.

The June's decrease in the level of international reserve assets was due to the planned repayment of foreign and domestic liabilities in foreign currency by the National Bank and the government for a total of about $ 424 million, as well as a decrease in the value of monetary gold.

The purchase of foreign currency by the National Bank at the Belarusian Currency and Stock Exchange, foreign exchange earnings to the budget, including those from the levying of export duties on oil and oil products, sales of bonds, nominated in foreign currency, made by the National Bank and the Ministry of Finance on the domestic market contributed to the maintenance of the level of international reserve assets in June.