Belarus’ foreign exchange reserves kept falling in January

February 7, Pozirk. Belarus’ gold and foreign exchange reserves fell by $33.9 million in January to $8.093 billion on February 1, the central bank’s press office reported.

The reserves dropped 0.4 percent in January after falling 1.6 percent in December.

The National Bank of Belarus linked the drop to the declining value of monetary gold which amounted to $3.563 billion, while reserves under special drawing rights (SDRs) fell to $1.379 billion and foreign currency reserves, to $3.15 billion.

Gold and foreign exchange reserves are projected to amount to at least $6 billion in 2024.