China’s central bank. Credit: Adobe Stock China’s central bank expanded its gold reserves for a third month in January, even as the precious metal kept rallying to a record high. Bullion held by the People’s Bank of China rose by 0.16 million troy ounces last month, according to data...
Mexico has quietly purchased nearly 100 tons of gold bullion, as central banks embark on their biggest bullion buying spree in 40 years. Anthony Bradshaw | Getty Images The purchase, reported in monthly data published by Mexico’s central bank, isthe latest in a series of large gold buys by...
The Polish central bank has bought roughly 300 tonnes of gold in recent years to bring its gold to GDP ratio in line with the average in the eurozone. For medium and large economies in the eurozone, to which Poland might be included in the future, an equal monetary gold to GDP ratio ...
In early October of last year,Poland’s central bank governor Adam Glapinski announced plans to buy an additional 100 tons of gold in 2022. In a nutshell, Glapiński said it is a matter of financial security and stability. Gold will retain its value even when someone cuts off the power t...
This is the third straight month we’ve seen a large purchase by a single bank. In March,Hungary bought 63 tons of gold, tripling its reserves. It was one of the biggest central bank gold buys in decades. In a statement, the National Bank of Hungary called gold “a crucial reserve ...
ULAN BATOR, Aug. 1 (Xinhua) -- The Bank of Mongolia said Wednesday that it has purchased 9.34 tons of gold from legal entities and individuals in the first 7 months of this year, up 4 percent year on year. As of July, the central bank's average gold purchase price was 97,833 tugri...
The article focuses on the role of gold as a source of value. In any international monetary crisis, the International Monetary Fund, the Bank for International Settlements and the close co-operation among the world's central banks are adequate to cope with any potential crisis in the ...
Gold’s price (XAU/USD) edges higher and trades back up near $2,865 at the time of writing on Friday after its rather sluggish performance the previous day.
Richard Davey
Central bank assets: gold and foreign exchange reserves loans to banks and the government securities. Central bank liabilities: bankdeposits (mandatory reserves) cash in circulation funds in central bank accounts central bank capital The operations of the central bank are reflected in its balance sheet...