The foreign exchange reserves of Belarus increased by $2.2bn in 2019, or 31.2% YTD, to $9.4bn in 2019, according to the National Bank of Belarus (NBB).
The reserves grew by $235mn, or 2.6% month-on-month in December. During this month, the Belarusian government and the NBB repaid $355mn of external and internal foreign exchange obligations.
The FX purchases at the Belarusian Currency and Stock Exchange, the receipt of funds in foreign exchange to the budget, including export duties on oil and oil products, proceeds from the sale of FX-denominated bonds were conductive to the growth of the level of gold and foreign exchange reserves in October.
According to the NBB's monetary policy guidelines for 2019, the volume of international reserve assets as of January 1, 2021 should be at least $7.3bn.
Ukraine’s retail sales grew by a healthy 10.5% y/y in real terms in 2019, accelerating from from 5.8% y/y in 2018, Ukraine’s State Statistics Service reported on January 21.
Russia’s gross international reserves (GIR) topped $557.5bn on January 10, according to the Central Bank of Russia (CBR), surpassing the previous all-time high in 2008.
Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.
Rise was driven by electronics and automotive sectors where foreign investors have developed production facilities, while light industry keeps losing ground due to the lack of workforce.
The headline figure also sees the PPI inflation rate below zero for the fifth consecutive month after an uninterrupted growth period of nearly three years.