Bloomberg News

Belarus Foreign Reserves Rose to $7.968 Billion in January

February 07, 2012

(Updates with a central bank comment in second paragraph.)

Feb. 7 (Bloomberg) -- Belarus’s foreign-currency and gold reserves advanced to $7.968 billion as of Feb. 1, an increase of 0.7 percent from a month earlier, according to the country’s central bank.

“The growth of foreign-currency and gold reserves in January 2012 was facilitated by the increase of gold prices in the international precious metals market, as well as by the positive balance of sales and purchases of foreign currency at the Belarusian Currency and Stock Exchange,” the Natsionalnyi Bank Respubliki Belarus said on its website today.

The value of monetary gold in reserves increased 25.5 percent to $2.4 billion in January while foreign-currency reserves declined for the first time since November 2011, falling 15.9 percent to $3.8 billion.

--Editor: Zoe Schneeweiss

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at akudrytski@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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