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6.25 REPO 12 months2 7.75 7.75 Loans secured by gold Up to 90 days 6.75 6.75 From 91 to 180

Managing foreign exchange reserves. Managing risks of National Bank of transactions with gold and foreign exchange reserves the Republic of Belarus 2. Organizing cash circulation

2 6.50 REPO 12 months 2 7.75 Loans secured by gold Up to 90 days 6.75 From 91 to 180 days 7.

expand the maturity of the Bank of Russia’s loans secured by gold to 180 days and set the interest rate on such loans with

operations to provide loans secured by gold. The procedure for the Bank of Russia to provide loans secured by gold is stipulated by Bank of

6.50 REPO 12 months2 8.00 7.75 Loans secured by gold Up to 90 days — 6.753 Loans secured by non-marketable assets and

Russia is issuing 4 series of commemorative silver and gold coins. The programme will also include gold and silver bullion coins. It is worth mentioning

working with the general public and mass media Experience of replacing the old series with a new one: challenges and successes CATALOGUE 2 0 1

of the ing up alternative types of assets. Besides, growth country’s gold and foreign exchange reserves. in lending was still restrained by the low

bases for operation of the central bank and related to transactions in gold and foreign exchange reserves General approaches to management of reserves by the