Minsk 17:03

Belarus’ foreign exchange reserves down 1.2 percent in May

June 7, BPN. Belarus’ gold and foreign exchange reserves fell by $96 million in May to about $7.872 billion, the National Bank’s press office reported.

The reserves fell by $57.4 million or 0.73 percent since the start of 2023.

Since August 2022, the National Bank has been publishing information on foreign exchange reserves on its official website without a breakdown and analysis of fluctuations.

Gold and foreign exchange reserves are projected to amount to at least $6 billion by the end of 2023, according to the monetary and credit policy guidelines adopted by the National Bank in November 2022.

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