One of the main sources of gold an currency reserves growth in Belarus (GCR) this year became the country's borrowings in foreign markets. According to the National Bank of Belarus, this is what has allowed the National Bank to ensure the GCR growth of the country to $332.3 million in September this year.
Only in September 2010, National Bank took loans of Br751.5 billion from non-residents of the country. Thus, Belarus foreign debt rose from Br241.1 billion on September 1 to Br992.6 billion on October 1, 2010, AFN.
At the same time the Belarusian banks have also taken numerous loans from the outside. Thus, banks indebtedness to non-residents of the country for one month increased by Br1.5 trillion (Br10.8 trillion on September 1 to Br12.3 trillion on October 1, 2010).
In addition, in the reserves of Belarus include the balance of the National Bank «deposits», which was about Br710 billion on October 1. Thus, banks «deposits» in the National Bank rose by Br1.6 trillion (Br5.9 trillion to Br7.6 trillion) for September, while the «deposit» of the National Bank in Belarusian banks increased by Br711.3 billion (Br3.5 trillion to Br4.2 trillion).
As Telegraf previously reported, according to the National Bank, the volume of international reserve assets of Belarus had risen by $506.7 million, or 8.5% over the first three quarters of 2010. Thus, the gold and currency reserves (GCR) of the country reached the equivalent of $6.4 billion. In determining the special data dissemination standard, the GCR rate of Belarus increased by $332.3 million (5.9%) and amounted to the equivalent of $5.9 billion.
