After Belarus’ reserves were depleted last year owing to a severe financial crisis, it has achieved the set 2012 target of US$7 billion in forex and gold reserves in the very first week, the National Bank of Belarus said in a statement earlier this month.
As local information agency BelTA reports, the increase in the gold and foreign exchange reserves was facilitated by the second tranche of the EurAsEC Anticrisis Fund loan to the tune of US$440 million and the transfer of part of the syndicated loan provided to OAO Belaruskali by Sberbank of Russia and the Eurasian Development Bank.