Belarusian gold, FX reserves rise 29% in H1 to record high of $11.5 bln
Belarusian gold and foreign-exchange reserves hit a record high of $11.537 billion as of July 1, 2025, compared to $8.923 billion at the beginning of the year, the National Bank of Belarus said.
The previous record was $11.12 billion on June 1.
The country's gold and FX reserves grew 29.3% or $2.61 billion in H1. They rose 3.4% or $379.3 million in June, 2% or $216 million in May and 8.7% or $872.8 million in April.
The reserves soared in H1 as global gold prices rose sharply since the start of the year and the National Bank scaled up foreign-exchange purchases in April-June.
Monetary gold reserves grew 25.8% or $1.17 billion since the start of the year, totaling $5.69 billion on July 1. In June, the gold price rose 0.4% after falling 0.8% in May and rising 6.1% in April.
FX reserves grew 45% or $1.37 billion to $4.43 billion in H1, rising 8.2% in June, 7% in May and 15.5% in April.
IMF Special Drawing Rights totaled $1.4 billion.
Belarusian gold and foreign-exchange reserves grew 9.8% in 2024 after decreasing 2.5% in 2023 and 5.9% in 2022.
The National Bank is targeting reserves of at least $7.1 billion at the end of 2025.
Source: https://interfax.com/