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EDB explains why Belarus’ gold and forex reserves keep breaking records

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MINSK, 7 July (BelTA) – Belarus’ gold and foreign exchange reserves have set yet another record. The growth is attributed to an increase in foreign exchange reserves, BelTA reports citing the macroeconomic review of the Eurasian Development Bank.

In Belarus, gold and foreign exchange reserves increased by $379.3 million in June 2025 to reach $11,537.3 million, which is a new record. The main contributor to this increase is a $338.9 million rise in foreign exchange reserves that is linked to an excess of currency supply over demand in the foreign exchange market.

The value of gold in the reserves went up by $19.4 million against the backdrop of rising global prices (by 0.3% per month). Since the beginning of the year, the reserves have increased by $2,614.7 million.

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