According to preliminary data, Belarus’ international reserve assets totaled the equivalent of $8,218.6 million as of 1 March 2024, BelTA learned from the website of the National Bank of the Republic of Belarus (NBRB).

The country’s gold and foreign currency reserves went up by $125.1 million (or 1.55%) in February 2024 after declining by $33.9 million (0.44%) in January 2024.

Foreign currency assets and monetary gold make the largest share in the structure of international reserve assets of Belarus. According to the National Bank, the amount of foreign currency in the reserves totaled $3,296.6 million on 1 March 2024, increasing by $146.2 million (4.64%) in December, with monetary gold at $3,552.8 million, down by $10.7 million (0.3%).

According to the main monetary management guidelines for the year 2024, Belarus’ international reserve assets are projected to be at least $6 billion at the end of 2024.