Belarus’ gold and foreign exchange reserves have been rising for 14 months in a row, BelTA learned from a macroeconomic review released by the Eurasian Development Bank (EDB).

 

According to the source, Belarus’ gold and foreign exchange reserves rose by $1.3 billion in January 2026, setting a new record high and reaching $15.7 billion as of early February 2026. The reserves have been growing for 14 months in a row. The increase registered in January 2026 was the highest one since June 2017.

 

The key factor driving the growth is a $1.16 billion increase in the cost of gold in the structure of Belarus’ reserves amid rising gold prices worldwide (14% up). A $0.1 billion increase in the foreign exchange reserves also made a contribution.