MINSK, 16 December (BelTA) – Belarus’ gold and foreign exchange reserves are expected to be at least $9.2 billion at the end of 2026. Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Roman Golovchenko made the statement while talking to reporters after a session of the NBRB Board, which had approved Belarus’ main monetary management guidelines for 2026,
BelTA has learned.
Roman Golovchenko said: “The indicator of the gold and foreign exchange reserves for the year 2026 has been set at at least $9.2 billion because prices are volatile. In particular, prices for metals. And it will also be necessary to repay the state debt. At least $9.2 billion is a safe indicator. If it is larger than that, it will be good.”
According to provisional data available as of 1 December 2025, Belarus’ gold and foreign exchange reserves rose to $13.9 billion and set a new historic record high.
The chairman of the NBRB Board noted that maintaining the level of the gold and foreign exchange reserves represents one of the main areas of work. “The Finance Ministry is expected to refinance part of the forex debt. On the other hand, the National Bank is going to buy foreign currency on the home market, provided the economy will be able to generate a sufficient flow of the foreign currency into the country,” he said.