OREANDA-NEWS. July 30, 2010. The National Bank of the Republic of Belarus (NBRB) have plans to increase gold and foreign exchange reserves to as much as USD 6.2-7.5 billion by the end of 2010, Chairman of the Board of the National Bank of Belarus Piotr Prokopovich told media on 29 July.

Today they amount to USD 5.5 billion.

According to Piotr Prokopovich, only improved economy can boost the growth of reserves. For instance, in H1 2010 currency proceeds of the Belarusian companies soared more than 20% over the same period last year. According to the head of the National Bank, it is a considerable breakthrough. In H2 the situation in this part will get even better, according to the forecast of the National Bank.

Besides, the implementation of the country’s privatization program as well as attraction of foreign loans will also contribute to the growth of gold and foreign exchange reserves. “We will be working on a stable economy of the country,” he said.