Belarus will not take into account the Russian ruble when calculating its reserves

© RIA Novosti / Vladimir Astapkovich in fotoracconti denomination of 50000 rubles. Archival photoBelarus will not take into account the Russian ruble when calculating its reserves© RIA Novosti / Vladimir Astapkovich the image Bank

Belarus from July 1, will calculate the international reserve assets only on the methodology of the International monetary Fund, which does not account precious metals different from that of monetary gold, as well as a number of currencies including the Russian ruble. About it reported in a press-service of the national Bank of the country.

Earlier in Belarus there were two methodologies — in accordance with IMF standards and national regulations.

The national Bank noted that assets that are not accounted for in the methodology of the International monetary Fund, will remain on the balance Department.

«These assets continue to be used for execution of the relevant obligations of the National Bank and the government and can act as an additional source of replenishment of gold reserves», — reads the statement of the national Bank.

The Ministry added that recent calculations of the reserves for both methods was close. The national Bank explained this decision of the IMF to include from October 2016 to a basket of currencies the Chinese yuan. In addition, Minsk has reduced the proportion of precious metals in the composition of its reserves, which are accounted for according to national standards.

Gold and foreign currency reserves on June 1, was 5,239 billion dollars. During the year this indicator grew by 6.3 percent.

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