Belarus' gold and foreign exchange reserves shrank by $15.2 million in September 2012 to $8,126 million as of October 1, reported the National Bank of Belarus (NBB).
The decrease was due to the need to make payments to meet internal and external foreign currency liabilities, which, however, were partly offset by a rise in gold prices in the international market, the NBB press office said.
According to the NBB, the nation’s gold and foreign exchange reserves decreased by $106.3 million in August and $82 million in July after a $291-million increase in June.
The National Bank initially projected Belarus' gold and foreign exchange reserves to total $6.1 billion to $7 billion at the end of 2012, but NBB head Nadzeja Jermakova announced in early February that the target had been revised upward to total $7.9 billion by order of Aliaksandr Lukashenka.
In 2011, the reserves reportedly increased by $2,885.2 million to $7,915.9 million.
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