Belarus' Gold and Currency Reserves Decreased by $675 Million

06.01.2011 13:40
Архив Редакция

International reserve assets of Belarus declined by $621.80 million (11%) by the IMF standards over 2010, despite the fact that monetary policy had assumed its increase by $0.5 - $1.83 billion. Gold and foreign currency reserves (GCR) fell by $674.70 million (11.8%) in December, after a decline of $142.8 million in November and $136.6 million in October. 

GCR amounted to $5.65 billion on January 1, 2010, while only $5.03 billion was fixed on January 1, 2011, AFN with reference to the National Bank.

Assets in foreign currency in GCR structure amounted to $1.9 billion, showing a decrease of $896.20 million (32%) in December. At the same time their volume decreased by $612.20 million (24.3%) for the entire year.

Monetary gold rose by $35.6 million (2.3%) in November and nearly reached $1.6 billion on December 1. It amounted to $821.1 million at the beginning of the year.

Other assets amounted to $955.5 million on January 1, 2011, which is $777.6 million (44.9%) less than at the beginning of 2010. Other assets increased by $180.7 million (23.3%) in December.

Special Drawing Rights amounted to $567.7 million. They were equal to $578.4 million on January 1, 2010.