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EDB analysts name key factors behind Belarus' forex reserves growth

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MINSK, 8 September (BelTA) - Analysts from the Eurasian Development Bank (EDB) have identified the main drivers behind the growth of Belarus' gold and foreign exchange reserves, BelTA reports with reference to the EDB macroeconomic review.

“Belarus' forex reserves have exceeded $12.4 billion for the first time, following an increase of over $470 million in August 2025. The primary growth factors were an increase in reserve assets in foreign currency, which grew by $251.8 million, and a rise in the value of gold within the reserve structure amid a 2.5% monthly increase in global prices,” the EDB said.

Belarus' level of forex reserves has now increased for the ninth consecutive month. Since the start of the year, the reserves have grown by nearly $3.5 billion.

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