Belarusian Gold Reserves Sharply Depreciated

• 6.04.2026, 9:52

For the first time after 15 months of uninterrupted growth.

For the first time in the last 15 months of continuous growth in Belarus, the volume of gold and foreign exchange reserves has decreased.

The Eurasian Development Bank draws attention to this in its traditional weekly review, writes "Belarusians and the market".

It notes that Belarus' reserves amounted to $15.2 billion at the beginning of April 2026, which is $1.1 billion less than it was at the end of January-February.

The reserves declined for the first time after 15 months of continuous growth. The main reason was the depreciation of gold as part of the reserves exactly by $1.1 billion due to the 11.8% drop in prices over March. The correction was caused by the strengthening of the dollar against the background of rising yields on U.S. Treasury bonds.

At the same time, the EDB notes that despite the decline, the reserves cover 3.4 months of imports of goods and services, which meets the international standard of sufficiency.