OREANDA-NEWS. March 30, 2012. Belarus’ international reserves went up 1.5% in January-February 2012 year on year to USD 8.035 billion as of March 1, 2012 by the International Monetary Fund’s Special Data Dissemination Standards, according to National Bank of Belarus (NBB).

The NBB attributes the increase in foreign exchange reserves to the rise in the price of gold and precious stones on the world market. The NBB and the government of Belarus discharged all external and internal foreign currency liabilities in February 2012.

In 2011, Belarus’ reserves went up by USD 2.885 billion, or up 57.4% on the year, to USD 7.916 billion.