Privatisation and banking sector are the most likely sources to replenish international reserves

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April 22, 2016 18:45

Belarus’ international reserve assets calculated by the IMF SDDS standards decreased by USD 427.7 million in January 2014. Due to significant payments on Belarus’ public debt and the lack of loans from Russia, Belarus’ international reserves fell to USD 6.2 billion, regardless of a relative stability on the currency market. Most likely, the National Bank will increase pressure on the banking sector in order to find means to replenish the gold reserves. In addition, Belarus may reconsider prices on privatisation assets and sell some for circa USD 100-200 million.

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