The Eurasian Development Bank (EDB) indicated in its weekly macroeconomic outlook that Belarus’ foreign exchange reserves exceeded $12.4bn for the first time, growing by $470.7m in August 2025

“The main factors behind the growth were an increase in the foreign currency reserve assets, which rose by $251.8m, and an increase in the value of gold in the reserve structure by $224.4m amid rising global prices (+2.5 percent over the month),” the EDB noted.

“The main factors behind the growth were an increase in the foreign currency reserve assets, which rose by $251.8m, and an increase in the value of gold in the reserve structure by $224.4m amid rising global prices (+2.5 percent over the month),” the EDB noted.
The foreign exchange reserves have been increasing for the ninth month in a row. Since the beginning of 2025, the reserves have increased by almost $3.5bn.