The main reason for the fall in gold and foreign exchange reserves of Belarus is named

Belarus' gold and foreign exchange reserves decreased by $ 139.1 million in November. This was reported in the next review by experts of the Eurasian Development Bank (EDB).

As the bank's analysts noted, the key factor was the decline in the value of gold due to a 3% reduction in prices for this precious metal in November.

"Foreign currency reserves increased by $23.2 million. Since the beginning of the year, gold and foreign exchange reserves have grown by $ 667.4 million, including $ 1012.6 million due to gold," the review says.

Recall, according to the National Bank of Belarus, the gold and foreign exchange reserves of the republic decreased by 1.5% in November. At the same time, the cost of monetary gold decreased from $ 4.74 billion to $ 4.59 billion. This is the first decrease in international reserve assets in almost six months. As of December, the gold reserves of Belarus amounted to $ 8794.9 million.