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February 10 – February 16, 2014

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

The situation has not changed
Privatisation and banking sector are the most likely sources to replenish international reserves

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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Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
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