For two months the drop in gold and foreign exchange reserves has exceeded $1 bn.
According to preliminary data, as of 1 February 2015 Belarus’ gold and foreign exchange reserves stood at $4,724.7 million in accordance with methods of the International Monetary Fund. The reserves went down by $334.4 million in January, BelTA learned from the statistics released by the National Bank of the Republic of Belarus.
The Government and the National Bank of Belarus are set to enact additional measures to expand gold and foreign exchange reserves. Taking out Russian loans may become a way out, news agency BelaPAN says with a reference to a number of Belarusian economists.
At the recent press conference Belarus President Lukashenka mentioned the possibility of Russia’s granting financial aid to Belarus,which was later confirmed by Russian Finance Minister Anton Siluanov.
