The official reserve assets and other assets of Belarus in foreign currency grew by 11.3% in July to $5.4 billion as of 1 August, BelTA learned from the latest statistics report released by the National Bank of the Republic of Belarus.
In the structure of foreign currency assets of Belarusian government agencies and official institutions the reserve assets amounted to $4.63 billion as of 1 August, up from $4.31 billion as of 1 July. Of the total sum convertible currency assets made $1.86 billion, Special Drawing Rights (SDR) amounted to $518 million, the value of gold (including borrowed gold) was estimated at $1.7 billion, while other reserve assets totaled $500.1 million.
As of 1 August other assets in foreign currency and gold outside the reserve assets (fluid assets in banks with a rating below the investment category in accordance with Fitch Ratings, Standard & Poor's, and Moody's Investors Service) amounted to $787.1 million. The number included deposits ($509.3 million), gold deposits ($250 million), and securities ($27.8 million).
As of 1 August the amount of money Belarusian government agencies and official institutions are supposed to spend during the year was estimated at nearly $5.9 billion. The money will have to be paid on loans and securities.
Belarus' contingent liabilities in foreign currency may require paying out nearly $1.34 billion within 12 months after 1 August 2016.
Written by belta.by
