Turkey and Russia continue expanding gold reserves
Central banks purchased 156 tonnes in third quarter of year, 38% less than a year earlier, WGC figures show
The Central Bank of the Republic of Turkey (CBRT) and the Bank of Russia led gold purchases globally in the third quarter of 2019, according to the World Gold Council.
Central banks continue to expand gold’s role in their reserves portfolios. Last quarter, total buying reached 156 tonnes, and purchases in the year to the end of September increased by 12% to 547 tonnes.
The CBRT accelerated its acquisitions and bought more than 71 tonnes last quarter, which took its gold reserves to 380 tonnes
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Gold
Ecuador reallocating reserves and investing in technology – Avellán
General manager highlights effort to cut gold holdings and launch new financial infrastructure
Central banks buying less gold
Net purchases in August were lowest monthly level since March, says World Gold Council
Hungary’s central bank increases gold reserves by 16.4%
MNB now has highest per capita bullion stocks in central and eastern Europe
EM central banks, Chinese and Indian households going for gold
Financial products have made it easier to access precious metal – BdF research
Central banks buying more gold
Emerging markets led way in sales and purchases for June, according to World Gold Council
PBoC and RBI have highest-ever gold holdings, WGC says
PBoC paused gold purchases in May for first time since November 2022
Four central banks commit to responsible artisanal gold principles
Colombia, Ecuador, Mongolia and the Philippines commit to effort to improve domestic, small-scale gold purchases
Vietnamese central bank moves to lower domestic gold prices
SBV official says market may be fixed but analyst points to shifts in supply and demand