Belarus plans to increase its gold and foreign currency reserves by $500 million in 2017, Prime Minister Andrei Kobyakov said.
It is a complex task but achievable, if the government and the National Bank coordinate their efforts, said Kobyakov. Belarus just needs to make an effective use of contacts and agreements with international financial institutions.
As previously reported, Belarus’ international reserves stood at $4.63 billion as of August 1, by the International Monetary Fund’s Special Data Dissemination Standards. As of January 1, 2016, Belarus’ reserve assets stood at $4.176 billion; $5.059 billion as of January 1, 2015; $6.651 billion as of January 1, 2014; and $8.095 billion as of January 1, 2013.
Belarus’ gold and foreign exchange reserves calculated under the national methodology stood at $5.186 billion as of August 1, 2016; $4.468 billion as of January 1, 2016; $5.716 billion as of January 1, 2015; $7.236 billion as of January 1, 2014; and $8.763 billion as of January 1, 2013. (Prime-TASS/Business World Magazine)
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