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Belarus' gold, forex reserves changing due to growing transactions in Russian rubles, yuans
Pavel Kallaur The structure of Belarus' gold and foreign exchange reserves is changing to accommodate the growing volume of transactions in Russian rubles and Chinese yuans, BelTA learned from Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur. Pavel Kallaur said: “Our gold and foreign exchange reserves hover at $7.5 billion.
We've repaid the external state debt by spending $900 million from the gold and foreign exchange reserves just like we planned.
We don't expect the gold and foreign exchange reserves to drop below $7 billion till the end of the year. It is understandable that the structure of the reserves changes depending on the currency used for foreign trade transactions.
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