Belarus's gold and forex reserves drop to $4.7bn

• 4.08.2015, 12:45

Gold and foreign currency reserves of Belarus have decreased by $0.4bn for the first seven months of the year to $4.7bn as of August 1, 2015.

The statement was made by National Bank chief Pavel Kalaur on August 4, AFN reports.

He also notes that Belarus paid in July $1.3bn, the record high sum, to serve its external debt.

The mentioned amount was fully refinanced at the cost of loans from Sberbank and the Russian government. “The National Bank does not expect gold and foreign currency reserves to change until the end of the year,” Kalaur said.