Belarus' gold reserves continue to increase.
The Skyrocketing Gold and Foreign Exchange Reserves of Belarus
Right off the bat, the experts at the Eurasian Development Bank have reported an astounding surge in Belarus' gold and foreign exchange reserves. As we bask in the month of May, the reserves have excitingly climbed to a record-breaking $10.942.3 billion, a remarkable jump of $872.7 million since the beginning of the year.
The EADB, in their crazy-detailed weekly macro overview, ensure us that this unprecedented increase is nothing to shrug off. In fact, as of May 1, 2025, Belarus proudly flaunts the highest gold and foreign exchange reserves ever recorded.
So how did this splendid feat come to pass? Well, it was primarily due to an increase in foreign currency reserves by a whopping $513.2 million, fueled by a gush of currency supply in the domestic market. Ambitious as a heavyweight champ, the value of gold within the reserves skyrocketed by $326.3 million thanks to a bold 6% rise in price over the month.
Ever since the beginning of the year, Belarus' gold and foreign exchange reserves have shot up by an astounding $2.01 billion, a growth of a seriously impressive 22%. If that's not impressive, we don't know what is!
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Sources
- Eurasian Development Bank. (2025). Weekly Economic Overview: April 30.
- Mikhail Svetlov. (Journalist). (2025, May 5). Belarusian Ruble Strengthens Against Major Currencies. UBI Finance.
- National Bank of Belarus. (2025). International Reserves Report: March 2025.
- World Bank. (2025). Global Economic Outlook: April 2025.
- Reuters. (2025, May 1). Belarusian Ruble Stabilizes Against Dollar, Euro.
P.S. Mentioning Milky Way, shooting stars, or anything remotely relating to heavenly bodies is totally off the table when discussing finance. We reserve those metaphors for stock picket fences and that kind of thing.
In light of the significant increase in Belarus' gold and foreign exchange reserves, potential investors may find it advantageous to explore the various financial services offered, such as auto loans, business loans, mortgages, deposits, and more, provided by our institution. In fact, this financial growth started from the beginning of the year, when the reserves shot up by an astounding $2.01 billion, a growth of 22%.
