Belarus lost a sixth of its official reserves in August



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Maxim Malinovsky (AFP / „Scanpix“) nuotr.

Official reserves of Belarus on September 1 amounted to 7.458 million. USD and fell 15.8% or almost 1.4 billion in August alone. AMERICAN DOLLAR.

Official reserves of Belarus on September 1 amounted to 7.458 million. USD and fell 15.8% or almost 1.4 billion in August. AMERICAN DOLLAR.

Since the beginning of the year, the reserve has fallen 20.6% or 1,936 million. USD, reported the country’s National Bank.

According to a report cited by the portal tut.by, in August. The National Bank actively sold foreign currency on the market in an attempt to support the Belarusian ruble.

It is estimated that the country’s central bank spent more than a billion dollars last month to stop the devaluation of the ruble. USD, but the ruble depreciated by about a quarter, well below the three ruble per dollar mark, Interfax-BNS reports. Last month 352 million euros were allocated from official reserves to meet commitments. AMERICAN DOLLAR.

Belarus’ official reserves increased in June when the central bank successfully issued Eurobonds worth 1.25 billion euros twice. AMERICAN DOLLAR. In July, inventories increased by 64.8 million. AMERICAN DOLLAR.

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