Serbia Increases Gold Reserves by 10 Tons in a Year – Price Jumps by 30%
The FX reserves of Serbia are EUR 13 billion, and the gold makes up EUR 1.6 billion of it. This comes in the form of exactly 2,500 bars, each weighing two and a half kilograms, TV Prva says.
– This provides security. In the situations when exchange rates oscillate a lot and there are negative consequences of the epidemic and deficits in many countries, gold has become something that the citizens and investors perceive as safe – says Serbian Finance Minister Sinisa Mali.
The governor of the National Bank of Serbia, Jorgovanka Tabakovic, said for TV Prva that Serbia had bought gold with a specific purpose in mind.
– We have very deliberately bought gold, because what's there in paper and in foreign currency doesn't only bring a positive interest, but also causes expenditures. We live in a time when money is spent, not earned – she said.
After Serbia, the country in the region with the biggest gold reserves is North Macedonia, with nearly seven tons. Slovenia has three, BiH nearly as much, Montenegro has deposited a ton for the loans taken, and Croatia is at zero, as it has sold all its gold.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
28.03.2024. | Construction
Beginning of Construction of First “Green Dam” in Serbia Which Will Supply 500,000 People with Drinking Water
28.03.2024. | Construction
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
27.03.2024. | Industry, Transport, Finance
City to Waive Over 30 Zemun and Palilula Bus Lines to Private Transporters – Draft Public-Private Partnership for 10-Year Period Ready, Job Worth Half a Billion Euros
27.03.2024. | Industry, Transport, Finance