Image default
Greek News

Poland repatriates 100 tons of Gold from Bank of England storage

Poland brought about 100 tons of gold home from the Bank of England in a bid to demonstrate the strength of nation’s $586 billion economy, central bank Governor Adam Glapinski said.

The institution bought about 126 tons in 2018 and 2019 to increase its gold reserves to 228.6 tons. As a result, the country has become the 22nd-biggest bullion holder in the world and has the biggest reserves of the metal in the European Union’s east, the central bank said.

Glapinski said the central bank will keep bringing the precious metal home if the “reserve situation is favorable.”

“The gold symbolizes the strength of the country,” Glapinski told reporters on Monday. Poland could generate “multi-billion” profits if it sold its holdings but has no plans to do so, he said.

Read more: -

Σχετικα αρθρα

The Most Innovative Companies Over Time (infographic)

admin

China didn’t become more Western, the West is becoming more Chinese – Analysis

admin

Elon Musk makes more profit from bitcoin than Tesla sales

admin

Electric Cars Boost Metal Demand (infographic)

admin

Athens accounts for almost 50% of economic activity in Greece, the second in the world, OECD reports

admin

Financial Times: EU fund gives “Greece 2.0” chance to reset economic model

admin

Minimum wages globally – Where is Greece (infographic)

admin

Greeks in Foreign Cockpits

admin

Greek shipowner Ioannis Angelicoussis passes away at 73

admin

China First Major Economy to Issue Digital Currency (infographic)

admin

LG Drops Out of the Smartphone Race (infographic)

admin

The Most Innovative Economies in the World (infographic)

admin