BCSE Chairman of the Board Andrei Aukhimenia about new capital investment opportunities for investors: How “gold bonds” work
Starting this year, investors in Belarus have the opportunity to invest in “gold bonds.” These securities are officially listed on the Belarusian Currency and Stock Exchange and available for purchase through any broker operating in Belarus.
“Gold bonds” are a special type of debt security whose value is linked to the price of gold. They combine the security of traditional bonds with the growth potential associated with gold price movements. “Gold bonds” allow investors to profit from rising gold prices without having to purchase gold bars, coins, or denominated gold.
Belarusians can also appreciate all the advantages of this instrument. This year, for the first time in the history of Belarus, bonds combining digital financial assets, physical gold, and traditional stock market instruments appeared on the market.
“We are creating all the conditions for trading such instruments at the Belarusian Currency and Stock Exchange, ensuring liquidity and transparency of transactions. The introduction of this new type of bond is an important step in the development of the financial market and the expansion of investment opportunities for both individuals and institutional investors,” noted Andrei Aukhimenia, Chairman of the Board of the Belarusian Currency and Stock Exchange.
The first issue of “gold bonds” was presented in June 2025 by Aigenis and admitted to trading on the Belarusian Currency and Stock Exchange. This was facilitated by two factors. On the one hand, gold has been showing stable growth in value for quite some time, making investments in it a potentially interesting and sought-after asset. On the other hand, it is clear that innovative financial instrument has appeared due to the fact that our debt market has reached a certain level of maturity and a significant number of qualified investors are already participating.
“The issuance of such bonds is aimed at offering citizens the opportunity to invest in national financial instruments rather than transferring capital abroad. This strengthens the country’s financial system and maintains domestic market liquidity. The development of new instruments such as “gold bonds” promotes financial literacy and attracts participants – both individuals and legal entities – to BCSE. Therefore, the first issue of gold bonds is a logical step in the development of Belarusian financial infrastructure, meeting the interests of both investors and issuers,” added Andrei Aukhimenia.
Since the instrument launch on the Belarusian Currency and Stock Exchange, trading participants have concluded over 170 transactions, with a volume exceeding BYN 350,000. It is worth noting that in the two and a half months since the launch of “gold bonds”, the price of one bond in exchange trading increased from BYN 323.5 on June 25 to BYN 358.5 on September 10, representing a yield of 51.9 percent per annum.
“However, it’s important to remember that “gold bonds” are a purely financial instrument, the yield and maturity of which are tied to the market price of gold, but they do not grant the right to receive the metal in physical form,” reminds the BCSE Chairman of the Board. “Gold bonds” have already found their niche in the Belarusian financial market and have become an important tool for those seeking to combine reliability with growth potential. Our goal is to continue developing this segment, making it even more accessible and transparent.”
