Belarus’ gold and foreign currency reserves increased by more than $800 million in the first quarter of 2026 – as noted by Dmitry Murin, the Head of the Central Department of Monetary Policy and Economic Analysis of the National Bank, before the start of an expanded board meeting, which focused on the results of the implementation of monetary policy in the first quarter of this year, as well as the fulfilment of targets set in early 2026, sb.by reports
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“The country’s gold and foreign currency reserves grew by more than $800m in the first quarter of 2026, mostly due to the global dynamics of gold prices (about $500m). The operations of the National Bank and the Government made a positive contribution as well. Differently speaking, an increase of over $300m was achieved due to the National Bank’s operations. This also applies to the purchase of foreign currency on the domestic market: in Q1, more than $50m was purchased on the stock exchange,” Mr. Murin said.