Belarus' gold and foreign exchange reserves rise by $315.4 million

08.08.2016
In July 2016 Belarus" gold and foreign exchange reserves rose by $315.4 million if calculated in accordance with methods of the International Monetary Fund. Belarus" gold and foreign exchange reserves were bolstered thanks to the second tranche of the loan from the Eurasian Fund for Stabilization and Development, revenues from selling government bonds nominated in foreign currency by the Ministry of Finance and the Central Bank, foreign currency purchases by the regulator via the Belarusian Currency and Stock Exchange, revenues from export duties on oil and oil products, and also the increased cost of gold at the international market of precious metals.
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