Foreign currency assets and monetary gold account for the largest share of Belarus’ international reserve assets. According to the National Bank of Belarus, foreign currency reserves stood at $5.8089 billion as of 1 August, increasing by $35.3 million in July, while monetary gold amounted to $6.9809 billion, decreasing by $1.4 million.

Under monetary policy targets, Belarus’ international reserve assets are projected to reach at least $9.2 billion by the end of 2026.