Belarus FX Reserves Drop 13% in 8 Months, Still Above Year-Start

Belarus' gold and foreign exchange reserves fell to $14.26 billion as of November 1, down over $2 billion (-13%) in eight months, dipping below the year-start level of $14.43 billion. The decline signals external payment pressures, though the source downplays immediate exchange-rate risk. The trend suggests sustained reserve erosion, which could strain the Belarusian ruble and increase external vulnerability.

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