OREANDA-NEWS. August 31, 2012. Net foreign assets of the Belarusian government and National Bank of Belarus (NBB) amounted to USD 9.355 billion as of August 1, 2012, up 18.9% since January 1, 2012, the National Bank of Belarus told.

The increase was due to a growth in gross foreign assets by 13.7% in January-July 2012 to USD 10.741 billion and a 12.1% reduction in liabilities to USD 1.386 billion as of August 1, 2012.

Net foreign assets placed in hard currency amounted to USD 8.175 billion as of August 1, 2012, while soft currency assets were at the equivalent of USD 1.179 billion.

In 2011 net foreign assets of the Belarusian government and National Bank of Belarus expanded 120% on the year to USD 7.87 billion as of January 1, 2012.

The increase was due to a growth in gross foreign assets by 73.9% in 2011 to USD 9.448 billion (the arrival of Beltransgaz sales proceeds at USD 2.5 billion in November) and a 16.1% reduction in liabilities to USD 1.578 billion as of January 1, 2012.