Actual issues of monetary policy were considered at the enlarged meeting of the Board of the National Bank (Press release)

Source: National Bank of the Republic of Belarus in English

Ensuring financial and price stability, developing the financial market in 2019 and tasks for 2020 were reviewed at the enlarged meeting of the Board of the National Bank of the Republic of Belarus, which was held on January 23, 2020.
At the end of 2019, consumer prices rose by 4.7% with a forecast being not more than 5%. This was facilitated by both the measures taken by the National Bank that ensured control over the money supply, and the actions of the Government of the Republic of Belarus in the consumer market, primarily in the field of price regulation.
In 2020, the National Bank and the Government are entrusted with a task to maintain inflation, as in 2019, at around 5%.
The implementation of monetary policy in 2020 will continue to be carried out in the monetary targeting mode. The current approaches to conducting exchange rate and interest rate policies will be preserved as well.
At the course of the meeting, it was noted that the Belarusian financial sector remains stable in relation to the main risks. Measures are being taken to decrease the level of foreign currency predominance in the economy. The work is underway to maintain the level of gold and foreign exchange reserves and improve their structure, ensure secure and efficient functioning of banks and other financial institutions, as well as the payment system.
At present, the dynamics of lending to the economy is largely determined by the effective demand from enterprises of the real sector. In general, a balance between economic activity and the magnitude of systemic risks is maintained. Such approaches to lending to the economy will be implemented in 2020.
The reports of Sergey Kalechits, Deputy Chairman of the Board, “Ensuring Price Stability and Developing Financial Market – Results for 2019 and Tasks for 2020” and Dmitry Kalechits, Deputy Chairman of the Board, “Ensuring Financial Stability in 2019 and Tasks for 2020” will be published on the website of the National Bank on January 24, 2020.

MIL OSI

Estimated values of standard risk on the instruments of the credit and deposit market for February – April 2020 were published

Source: National Bank of the Republic of Belarus in English

Since March 1, 2019, the National Bank put in place a set of measures of macroprudential nature designed to limit systemic risks generated by the business models of banks with high appetite for risk.
The basis of this system is formed by the approach, according to which the strengthened regulatory requirements in the area of capital adequacy, build-up of special provisions to cover potential losses and allocation of the required reserves fund are applied. An excess of the interest rates on new deposits, credits and issued bonds set by banks over the corresponding estimated values of standard risk (hereinafter – the “EVSR”) is used as an indicator of the increased level of risk of the business models implemented by banks.
The EVSR are calculated by the National Bank at least once in three months on the basis of average interest rates established by the systemically important banks of Group I over the month preceding the calculation month, in terms of six financial instruments of the credit and deposit market in the national currency:
new term revocable bank deposits of natural persons;
– new term irrevocable bank deposits of natural persons ( across maturity buckets: from 1 to 6 months (inclusively); from 6 months to 1 year (inclusively); and over 1 year);
– new credits issued to natural and legal persons (excluding credits issued on preferential terms by the decisions of the President and Government of the Republic of Belarus at the expense of republican and local authorities’ funds).
The algorithm of the EVSR calculation is based on the arithmetic average and the degree of variation of interest rates taken into account.
The EVSR for new term bank deposits is calculated on the basis of data on average interest rates on natural persons’ deposits and used for deposits of both natural and legal persons.
Values of the EVSR are valid within three months starting from the month that follows the month of their establishment
Table – Values of Estimated Standard Risk, % per annum

List of indicators
Value, % per annum
March 2019
April 2019
May 2019
June 2019
July 2019
August 2019
September 2019
October 2019
November 2019
December 2019
January 2020
February – April 2020

EVSR for new term revocable bank deposits of natural and legal persons

7.79
7.97
7.91
7.79
7.60
7.45
7.22
7.19
7.05
6.84
6.65
6.21

EVSR for new term irrevocable bank deposits of natural and legal persons with maturity from 1 to 6 months (inclusively)

9.67
9.79
10.06
9.86
9.69
9.67
9.61
9.72
9.80
9.69
9.66
9.22

EVSR for new term irrevocable bank deposits of natural and legal persons with maturity from 6 months to 1 year (inclusively)

10.59
10.65
10.96
10.84
10.71
10.72
10.66
10.63
10.56
10.59
10.39
9.95

EVSR for new term irrevocable bank deposits of natural and legal persons with maturity over 1 year

12.66
12.74
12.94
12.98
12.93
12.94
12.88
12.87
12.70
12.66
12.51
12.05

EVSR for new credits issued to legal persons (excluding those issued on preferential terms)

11.87
11.99
12.04
12.00
11.84
11.84
11.77
11.75
11.73
11.65
11.56
11.48

EVSR for new credits issued to natural persons (excluding those issued on preferential terms)

15.41
15.49
15.55
15.36
14.59
14.50
13.81
13.70
13.18
12.89
12.47
12.32

MIL OSI

Main performance indices and participants of the Belarus interbank settlement system, January – December 2019 (updated)

Source: National Bank of the Republic of Belarus in English

Indices
January – December, 2018
January – December, 2019
Deviation
(clm.3–clm.2)
(clm.3/clm.2)*100-100, %
1
2
3
4
5
1. Effected payment instructions
 
 
 
 
1.1. By number, thou units
77,971.3
82,273.8
4,302.5
5.5
1.2. By value, mln rubles BYN
578,751.2
764,063.2
185,312.0
32.0
2. Average daily turnover
 
 
 
 
2.1. By number, thou units
308.2
326.5
18.3
5.9
2.2. By value, mln rubles BYN
2,287.6
3,032.0
744.4
32.5
3. Average size of payment instruction, thousand rubles BYN
7.4
9.3
1.9
25.1
4. Canceled payment instructions
 
 
 
 
4.1. By number, units
0
0
0.0
X
% of the total amount conducted payment instructions
0.000
0.000
 
 
4.2. By value, thousand rubles BYN
0.0
0.0
0.0
X
% of the total amount conducted payment instructions
0.000
0.000
 
 
5. Сoefficient of accessibility*,%
99.98
100.00
X
X

Indices
January – December, 2017
January – December, 2018
Deviation
(clm.3–clm.2)
(clm.3/clm.2)*100-100, %
1
2
3
4
5
1. Effected payment instructions
 
 
 
 
1.1. By number, thou units
73,006.2
77,971.3
4,965.1
6.8
1.2. By value, mln rubles BYN
565,768.6
578,751.2
12,982.6
2.3
2. Average daily turnover
 
 
 
 
2.1. By number, thou units
288.6
308.2
19.6
6.8
2.2. By value, mln rubles BYN
2,236.2
2,287.6
51.3
2.3
3. Average size of payment instruction, thousand rubles BYN
7.7
7.4
-0.3
-4.2
4. Canceled payment instructions
 
 
 
 
4.1. By number, units
0
0
0.00
X
% of the total amount conducted payment instructions
0.000
0.000
 
 
4.2. By value, thousand rubles BYN
0.0
0.0
0.0
X
% of the total amount conducted payment instructions
0.000
0.000
 
 
5. Сoefficient of accessibility*,%
99.99
99.98
X
X

* This indicator shows the ASIS’s (Automated System of Interbank Settlements) readiness to carry out interbank settlements, including the acceptance, processing, and transfer of electronic payment documents during the time stipulated by the timetable for the BISS acceptance and processing of electronic payment documents and electronic messages from the participants of the BISS.

MIL OSI

Interest rates on the credit and deposit market, January-December 2019

Source: National Bank of the Republic of Belarus in English

2018
January – december 2018
2019
January – december 2019
January
January
March
June
September
December
A. Average interest rates in Belarusian rubles
1. On newly attracted bank deposits
legal persons*
demand
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
up to 1 year
5.75
6.61
6.97
7.74
7.71
7.16
6.83
7.39
over 1 year
7.37
7.40
8.35
8.74
10.60
7.80
8.15
8.70
natural persons
demand
0.19
0.26
0.19
0.64
0.36
0.23
0.83
0.48
up to 1 year
6.63
8.20
8.72
8.82
9.03
8.79
8.70
8.82
over 1 year
10.00
11.13
11.85
12.21
12.62
12.06
11.74
12.22
2. On banks’ newly extended credits
legal persons
up to 1 year
11.62
11.30
11.13
11.21
11.34
11.15
10.63
11.18
over 1 year
11.41
10.61
10.78
10.46
10.77
10.30
10.24
10.50
natural persons
up to 1 year
9.61
9.03
9.13
9.55
9.33
8.62
7.79
8.91
over 1 year
11.42
11.32
10.89
11.44
11.75
10.90
9.66
11.03
B. Average interest rates in foreign exchange
3. On newly attracted bank deposits
legal persons*
demand
0.20
0.12
0.20
0.20



0.19
up to 1 year
1.62
1.20
0.98
1.59
1.05
1.11
0.95
1.19
over 1 year
1.86
1.43
1.61
1.65
0.75
0.97
0.48
1.30
natural persons
demand
0.10
0.10
0.10
0.10
0.10
0.10
0.10
0.10
up to 1 year
0.67
0.65
0.76
0.79
0.77
0.59
0.35
0.67
over 1 year
1.62
1.64
2.23
2.36
2.36
1.72
1.40
2.04
4. On banks’ newly extended credits
legal persons
up to 1 year
5.23
4.68
4.28
4.26
4.42
4.66
4.20
4.44
over 1 year
6.29
5.82
6.05
5.34
5.40
5.05
4.23
5.03
natural persons
up to 1 year








over 1 year







Methodological comments:
Methodological comments to calculation of indicators are given in section 7 “Methodological notes to the tables of the Bulletin of Banking Statistics.
* By 2015 – legal persons and government agencies; from 2015 – legal persons.

MIL OSI

Inflation Review. December 2019

Source: National Bank of the Republic of Belarus in English

In December 2019, the annual growth in consumer prices slowed down by 0.3 percentage points and amounted to 4.7% with a target parameter being not more than 5%.
Relative to November, consumer prices in December 2019 increased by 0.5%.

Growth of consumer prices(% to the corresponding month of the previous year)

Dynamics of consumer prices(on a year-on-year basis)

Core inflation(% to the corresponding month of the previous year)

Administratively regulated prices and tariffs(% to the corresponding month of the previous year)

Seasonal prices (for fruits and vegetables)(% to the corresponding month of the previous year)

Aggregated indicator of the trend inflation(% to the corresponding month of the previous year)

Overall characteristics of change in consumer prices
December 2019 witnessed a further slowdown in the annual dynamics of core inflation, as well as prices for fruits and vegetables, while maintaining the annual growth rate of regulated prices and tariffs at the level of the previous month.
Annual core inflation has been decelerating over the past four months. In December 2019, it decreased to 3.5% (3.7% in November 2019). The main influence on the downward trajectory of the movement of free-of-control prices had a slowdown in food prices.
A similar dynamics is also characteristic of price indicators, cleared of the influence of short-term shocks. The aggregate indicator of trend inflation in annual terms has been slowing down since September 2019. In December 2019, it totaled 3.6%. At the same time, the average intensity of growth in consumer prices declined to 3.7%.
The annual increase in regulated prices and tariffs in December 2019 remained at 7.5%. The main contribution to the growth in prices and tariffs for this group at the end of the year was provided by the raise in the cost of housing and communal services, fuel, and communication services.
In December 2019, prices for fruits and vegetables increased by 8.9% in annual terms, which is 3.2 percentage points lower than the level of the previous month due to lower annual growth rates of seasonal prices for vegetables and potatoes.

Dynamics of consumer prices(on a year-on-year basis)

Dynamics of inflation indicators(on a year-on-year basis)

Methodological explanations   Archive

MIL OSI

International reserves and foreign currency liquidity of the Republic of Belarus as of January 1, 2020

Source: National Bank of the Republic of Belarus in English

USD mln
I. Official reserve assets and other foreign currency assets (approximate market value)
9,682.7
A. Official reserve assets
9,393.5
1. Foreign currency reserves (in convertible foreign currencies)
5,556.6
a. Securities
234.7
of which: issuer headquartered in reporting country but located abroad
0.0
b. Total currency and deposits
5,321.9
(i) other national central bank, BIS and IMF
1,105.8
(ii) bank headquatered in the reporting country
0.0
of which: located abroad
0.0
(iii) bank headquatered outside the reporting country
4,216.1
of which: located in the reporting country
0.0
2. IMF reserve position
0.0
3. SDRs
513.9
4. Gold (including gold deposits)
2,387.2
– volume in millions of fine troy ounces
1.6
5. Other reserve assets (specify)
935.8
– financial derivatives
0.0
– loans to nonbank nonresidents
0.0
– externally managed assets
0.0
– repo assets
930.7
– other
5.1
B. Other foreign currency assets not included in official reserve assets (specify)*
289.2
– securities
0.0
– deposits
289.2
– loans
0.0
– financial derivatives
0.0
– gold
0.0
– other
0.0
II. Predetermined short-term net drains on foreign currency assets (nominal value)

Total
Maturity breakdown(residual maturity)
up to 1 month
more than 1 and up to 3 month
more than 3 month and up to 1 year
1. Foreign currency loans, securities, and deposits
-3,637.4
-611.0
-703.5
-2,322.9
Outflows (–)
-3,925.6
-700.7
-732.2
-2,492.8
Principal
-2,938.1
-606.9
-469.7
-1,861.4
Interest
-987.5
-93.7
-262.5
-631.4
Inflows (+)**
288.2
89.6
28.7
169.9
Principal
230.3
73.9
18.3
138.1
Interest
57.9
15.7
10.4
31.8
2. Aggregate short and long positions in forwardsand futures in foreign currencies vis-à-visthe domestic currency (including the forward legof currency swaps)
0.0
0.0
0.0
0.0
a. Short positions (–)
0.0
0.0
0.0
0.0
b. Long positions (+)
0.0
0.0
0.0
0.0
3. Other (specify)
0.0
0.0
0.0
0.0
II. Contingent short-term net drains on foreign currency assets (nominal value)

Total
Maturity breakdown(residual maturity, where applicable)
up to 1 month
more than 1 and up to 3 month
more than 3 month and up to 1 year
1. Contingent liabilities in foreign currency
-1,297.3
-851.5
-43.9
-401.9
1.1. Collateral guarantees on debt falling due within 1 year
-589.0
-143.3
-43.9
-401.9
1.2. Other contingent liabilities
-708.3
-708.3
0.0
0.0
2. Foreign currency securities issuedwith embedded options (puttable bonds)
0.0
0.0
0.0
0.0
3. Undrawn, unconditional credit lines provided by:***
0.0
0.0
0.0
0.0
3.1. Other national monetary authorities, BIS, IMF,and other international organizations
0.0
0.0
0.0
0.0
other national monetary authorities (+)
0.0
0.0
0.0
0.0
BIS (+)
0.0
0.0
0.0
0.0
IMF (+)
0.0
0.0
0.0
0.0
other international organizations (+)
0.0
0.0
0.0
0.0
3.2. With banks and other financial institutions headquartered in the reporting country (+)
0.0
0.0
0.0
0.0
3.3. With banks and other financial institutions headquartered outside the reporting country (+)
0.0
0.0
0.0
0.0
4. Undrawn, unconditional credit lines provided to:
0.0
0.0
0.0
0.0
3.1. Other national monetary authorities, BIS, IMF,and other international organizations
0.0
0.0
0.0
0.0
other national monetary authorities (+)
0.0
0.0
0.0
0.0
BIS (+)
0.0
0.0
0.0
0.0
IMF (+)
0.0
0.0
0.0
0.0
other international organizations (+)
0.0
0.0
0.0
0.0
3.2. With banks and other financial institutions headquartered in the reporting country (+)
0.0
0.0
0.0
0.0
3.3. With banks and other financial institutions headquartered outside the reporting country (+)
0.0
0.0
0.0
0.0
5. Aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency
0.0
0.0
0.0
0.0
a. Short positions
0.0
0.0
0.0
0.0
Bought puts
0.0
0.0
0.0
0.0
Written calls
0.0
0.0
0.0
0.0
b. Long positions
0.0
0.0
0.0
0.0
Bought calls
0.0
0.0
0.0
0.0
Written puts
0.0
0.0
0.0
0.0
IV. Memo items
1. To be reported with standard periodicity and timeliness:
1.1. Short–term domestic currency debt indexed to the exchange rate
0.0
1.2. Financial instruments denominated in foreign currency and settled by other means(e.g., in domestic currency)
0.0
derivatives (forwards, futures, or options contracts)
0.0
short positions
0.0
long positions
0.0
other instruments
0.0
1.3. Pledged assets
0.0
included in reserve assets
0.0
included in other foreign currency assets
0.0
1.4. Securities lent and on repo
930.7
lent or repoed and included in Section I
0.0
lent or repoed but not included in Section I
0.0
borrowed or acquired and included in Section I
0.0
borrowed or acquired but not included in Section I
930.7
1.5. Financial derivative assets (net, marked to market)
0.0
– forvards
0.0
– futures
0.0
– swaps
0.0
– options
0.0
– other
0.0
1.6. Derivatives (forward, futures, or options contracts) that have a residual maturitygreater than one year
0.0
– aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps)
(a) Short positions
0.0
(b) Long positions
0.0
– aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency
a. Short positions
0.0
Bought puts
0.0
Written calls
0.0
b. Long positions
0.0
Bought calls
0.0
Written puts
0.0
2. To be disclosed less frequently (data is presented at the end of the quarter):
2.1. Currency composition of reserves (by groups of currencies)
Foreign currency reserves, total
9,393.5
– currencies in SDR basket
9,388.6
currencies not in SDR basket
4.9

* Liquid assets (foreign currency and monetary gold) that don’t meet the investment grade of the rating scales Fitch Ratings, Standard and Poor’s and Moody’s Investor Service.
** Inflows of foreign currency include those relating to scheduled foreign currency obligations due to the authorities on outstandinf loans and securities that are not covered in Section I.
*** Item is used for reporting undrawn, unconditional credit lines only.

MIL OSI

Surveys of the National bank, other depository and depository organizations as of January 1, 2020

Source: National Bank of the Republic of Belarus in English

Indicators
01/01/2019
01/10/2019
01/11/2019
01/12/2019
01/01/2020
Net foreign assets
13,473.7
16,819.2
17,347.6
17,779.6
18,542.3
Claims on nonresidents
15,183.2
19,125.6
19,702.1
20,136.1
20,632.4

Monetary gold*

4,085.0
5,795.5
5,834.0
5,834.5
6,004.0

Foreign currency

93.0
85.0
85.7
87.3
94.5

Deposits

9,280.2
12,628.1
11,507.0
11,904.9
11,949.4

Securities other than shares

548.7
478.1
487.6
504.0
493.7

Loans

1,176.4
138.8
1,787.7
1,805.3
2,090.8

Other

0.0
0.0
0.0
0.0
0.0
Liabilities to nonresidents
1,709.5
2,306.4
2,354.6
2,356.4
2,090.1

Deposits

103.5
130.4
157.3
127.9
127.0

Loans

1,203.9
866.0
891.3
890.9
891.2

Securities other than shares

401.9
259.9
262.0
267.1
0.0

Other**

0.2
1,050.2
1,043.9
1,070.5
1,071.9
Net claims on general government
-12,769.5
-12,669.2
-13,630.4
-13,559.3
-13,781.7
Claims on general government
340.1
307.6
307.7
306.3
305.6

Securities other than shares

340.1
307.6
307.6
306.3
305.6

Other claims

0.0
0.0
0.0
0.0
0.0
Liabilities to general government
13,109.6
12,976.8
13,938.1
13,865.6
14,087.3

Deposits

13,109.6
12,976.3
13,938.0
13,865.5
14,087.2

Other liabilities

0.0
0.5
0.1
0.1
0.0
Claims on other depository corporations
917.2
196.1
194.2
157.5
190.0
Claims on other sectors
1,412.3
1,346.6
1,333.9
1,333.7
1,308.1

Claims on other financial organizations

1,268.9
1,190.3
1,177.6
1,177.3
1,151.6

Claims on public nonfinancial organizations

136.5
149.3
149.4
149.4
149.5

Claims on other nonfinancial organizations

6.4
6.4
6.4
6.4
6.4

Claims on natural persons

0.5
0.5
0.5
0.5
0.6
Monetary base
8,623.9
8,856.1
8,507.1
8,828.3
9,431.3

Cash in circulation

2,991.6
3,421.0
3,415.6
3,499.4
3,708.3

Cash in other depository corporations’ offices

746.6
811.0
808.9
838.6
985.4

Required reserves

4,093.1
4,221.7
4,003.7
4,240.8
4,525.2

Other depository corporations’ deposits

788.5
398.3
274.9
245.0
208.4

Other sectors’ deposits

4.1
4.1
4.1
4.5
4.0

Securities other than shares included in Broad money

0.0
0.0
0.0
0.0
0.0
Other liabilities to other depository corporations
1,664.9
3,096.1
2,887.4
3,340.2
3,126.2

Deposits

7.0
0.0
0.0
2,508.4
2,219.9

Financial derivatives

0.0
0.0
0.0
0.0
0.0

Other

1,657.9
3,096.1
2,887.4
831.8
906.3
Securities other than shares excluded from monetary base and included in broad money
0.0
0.0
0.0
0.0
0.0
Deposits excluded from monetary base and broad money
1,444.9
1,443.1
1,453.9
1,494.2
1,490.1
Securities other than shares excluded from monetary base and broad money
198.5
517.3
576.3
272.7
297.5
Shares and other equity
-8,569.4
-8,026.0
-7,981.1
-8,030.5
-7,879.5
Other items (net)
-329.0
-193.7
-198.4
-193.5
-207.1

Other liabilities

8,938.1
7,638.4
7,514.7
7,642.0
7,621.7

Other assets

9,267.1
7,832.1
7,713.1
7,835.5
7,828.7

* Since June 1, 2019, include holdings in the special drawing rights.
** Since June 1, 2019, include allocation of the special drawing rights.

Methodological comments to calculation of indicators are given in section 7 “Methodological notes to the tables” of the Bulletin of Banking Statistics.

MIL OSI

Broad Money Supply as of January 1, 2020

Source: National Bank of the Republic of Belarus in English

BYN mln

Indicators
01/01/2019
01/10/2019
01/11/2019
01/12/2019
01/01/2020
1. Cash in circulation – М0
2,991.6
3,421.0
3,415.6
3,499.4
3,708.3
2. Transferable deposits
5,624.2
5,748.9
5,376.7
5,668.9
6,566.6

2.1. Natural persons

2,757.1
2,853.6
2,798.9
3,015.7
3,030.5

2.2. Legal entities^

2,867.1
2,895.3
2,577.8
2,653.2
3,536.1
Monetary aggregate – M1
8,615.7
9,169.9
8,792.3
9,168.3
10,274.9
3. Other deposits
7,378.5
8,921.5
8,714.3
9,330.2
9,878.0

3.1. Natural persons

4,010.8
4,754.4
4,887.2
5,022.0
5,131.4

3.2. Legal entities^

3,367.7
4,167.0
3,827.1
4,308.1
4,746.7
Ruble money supply according to the national definition – M2
15,994.2
18,091.3
17,506.6
18,498.5
20,152.9
4. Securities issued by banks (outside bank circulation) in national currency
904.7
1,380.1
1,542.7
1,508.9
1,370.4
Ruble money supply – M2*
16,899.0
19,471.4
19,049.3
20,007.3
21,523.3
5. Deposits in foreign currency
23,998.1
24,039.6
24,255.3
24,531.3
25,336.8

5.1. Transferable deposits

6,181.5
6,897.0
7,030.6
7,210.3
7,429.5

5.1.1. Natural persons

2,235.9
2,591.3
2,610.3
2,715.9
2,780.4

5.1.2. Legal entities^

3,945.6
4,305.7
4,420.3
4,494.4
4,649.1

5.2. Other deposits

17,816.6
17,142.6
17,224.7
17,321.0
17,907.3

5.2.1. Natural persons

13,170.2
12,876.4
12,758.0
13,091.7
13,076.7

5.2.2. Legal entities^

4,646.4
4,266.3
4,466.7
4,229.2
4,830.7
6. Securities issued by banks (outside bank circulation) in foreign currency
2,080.3
1,650.5
1,641.7
1,684.2
1,541.1
7. Precious metals deposits
255.6
134.7
126.4
121.9
108.5
Broad money – M3
43,232.9
45,296.3
45,072.7
46,344.7
48,509.7
For information:
Deposits in foreign currency, USD m
11,111.3
11,589.3
11,806.5
11,606.9
12,044.5

Natural persons

7,133.1
7,456.8
7,480.7
7,479.4
7,538.1

Legal entities^

3,978.2
4,132.5
4,325.8
4,127.6
4,506.4

1. Transferable deposits

2,862.1
3,325.0
3,422.2
3,411.5
3,531.8

1.1. Natural persons

1,035.2
1,249.2
1,270.6
1,285.0
1,321.7

1.2. Legal entities^

1,826.8
2,075.7
2,151.6
2,126.5
2,210.0

2. Other deposits

8,249.2
8,264.3
8,384.3
8,195.4
8,512.7

2.1. Natural persons

6,097.9
6,207.6
6,210.1
6,194.3
6,216.3

2.2. Legal entities^

2,151.3
2,056.7
2,174.2
2,001.1
2,296.4
Securities issued by banks (outside bank circulation) in foreign currency, USD m
963.2
795.7
799.1
796.9
732.6
Precious metals deposits, USD m
118.3
65.0
61.5
57.7
51.6

^ Legal entities – commercial and non-commercial institutions, independent entrepreneurs, non-bank credit and financial institutions.

Methodological comments to calculation of indicators are given in section 7 “Methodological notes to the tables” of the Bulletin of Banking Statistics.

MIL OSI

Foreign trade of goods and services, January-November 2019

Source: National Bank of the Republic of Belarus in English

“Goods” and “Services” items are components of the current account of the Balance of Payments of the Republic of Belarus. Since 2012, the data are compiled in compliance with the IMF’s methodological recommendations provided for in the sixth edition of the IMF’s Balance of Payments and International Investment Position Manual (IMF, Washington, D.C., 2009).
Statistical Information:
According to the 6th Edition of the Manual:

Reconciliation between the data on trade of the Republic of Belarus:

According to the 5th edition of the IMF’s Balance of Payments Manual (IMF, 1993) 2003-2011:
Information on Payments for Export and Import of Goods and Services, Income and Transfers of Nonfinancial corporations and households:
See also:

MIL OSI

As of January 1, 2020, the volume of gold and foreign exchange reserves of the Republic of Belarus amounted to USD 9, 4 billion (Press release)

Source: National Bank of the Republic of Belarus in English

As of January 1, 2020, the international reserve assets of the Republic of Belarus, according to the preliminary data, amounted to USD 9, 393.5 million (in the equivalent). According to Monetary Policy Guidelines for 2019, the volume of international reserve assets should be at least USD7.1 billion as at January 1, 2020.
Over the results of 2019, gold and foreign exchange reserves increased by USD2.2 billion (by 31.2%), including the increase by USD234.7 million (by 2.6%) over the December.
In 2019, the replenishment of the international reserve assets was conditioned by the purchase of foreign exchange by the National Bank at the JSC “Belarusian Currency and Stock Exchange”, the receipt of funds, duties and other payments in foreign exchange to the budget, as well as issue of bonds denominated in foreign exchange by the Ministry of Finance and National Bank.
With that, the Government and the National Bank of the Republic of Belarus repaid external and internal foreign exchange obligations in the foreign exchange for the amount of USD4.2 billion, including those in December for the amount worth about USD355 million.
According to Monetary Policy Guidelines for 2020, the volume of international reserve assets as at January 1, 2021, should be at least USD7.3 billion with account of repayment of the external and internal foreign exchange obligations in the foreign exchange.

MIL OSI