January 24, 2020 / 1:00 PM / a month ago

Belarus central bank to reduce FX exposure in 2020

MINSK, Jan 24 (Reuters) - The Belarusian central bank said on Friday it will be reducing its presence in the foreign exchange market in 2020.

The government and central bank will spend $4.3 billion on foreign and domestic debt repayments this year, the central bank said, adding it expected its gold and forex reserves to reach $7.3 billion by the end of the year.

Reporting by Andrei Makhovsky, Writing by Alexander Marrow, Editing by Maria Kiselyova

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