10 Feb 2014 09:33

Belarusian gold, forex reserves to IMF standards drop 6.4% in Jan

MINSK. Feb 10 (Interfax) - Belarusian gold and foreign currency reserves, calculated to IMF standards, fell by $427.7 million, or 6.4%, in January 2014 to the equivalent of $6.22 billion on February 1, according to preliminary figures, the National Bank of Belarus told Interfax.

Gold and forex reserves, calculated to national standards, fell by $435.1 million, or 6%, to the equivalent of $6.8 billion.

"The main factor to impact the reduction in gold and foreign currency reserves was the repayment of foreign and domestic foreign currency obligations in full by the government and the National Bank," the National Bank said.

A rise in gold prices on the international market helped keep gold and forex reserves up in January.