Belarus Gold, FX Reserves Reduced 6.5% in Jan-Aug 2012
OREANDA-NEWS. September 25, 2012. Belarus’ gold and foreign exchange reserves [calculated under the national methodology] went down 6.5% in January-August 2012 to USD 8.776 billion as of September 1, 2012, according to the National Bank of Belarus (NBB).
In August alone Belarus’ foreign exchange reserves decreased 10.3% on the month by USD 1.004 billion.
Foreign exchange reserves decreased 36.1% on the month to USD 3.487 billion as of September 1, 2012.
The amount of precious metals and gems in the NBB reserves increased 18.4% in January-August 2012 to USD 2.853 billion, of monetary gold amounted to USD 2.265 billion as of September 1, 2012, up 18.9% from January 1, 2012, of gold on foreign bank accounts was at USD 371 million (up 4.7%), of other precious metals went up 49.2% to USD 182.4 million, and of precious stones went up 22.5% to USD 35.3 million.
Other reserve assets increased 60% to USD 2.435 billion as of September 1, 2012.
In 2011, Belarus’ gold and foreign exchange reserves went up 52.6% to USD 9.387 billion.
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