Rapidly dwindling Belarusian international reserves
The situation has not changed
Amid sharp devaluation of the Russian rouble, negative forecasts on oil prices for commodity-dependent countries, and weakening of the financial policy of the National Bank, the Belarusian authorities are prompted to reduce gold reserves significantly in order to prevent the devaluation of the Belarusian rouble during the presidential campaign. Languishing gold reserves are worsening Belarus’ negotiating position regarding new loans and might lead to stringent obligations on new loans.
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Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
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