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

Investment frenzy in Greece – 10 billion-euro deals closed from the start of 2021

admin

Fitch: Greece to see fastest annual GDP growth in 40 years

admin

Chinese Foreign Investment in Coal Power (infographic)

admin

How Much Do Countries Spend on Education? (infographic)

admin

How Long Does Apple Support Older iPhone Models? (infographic)

admin

Chinese billionaire loses an astonishing $27 billion

admin

Working hours needed to escape poverty at minimum wage for families (infographic)

admin

New online Tax Office portal to provide Greek taxpayers with plenty more services

admin

An iPhone for (Almost) Every Wallet (infographic)

admin

Apple’s Incredible 21st Century Growth (infographic)

admin

Cars Increasingly Ready for Autonomous Driving (infographic)

admin

49% of Greek Electricity Distribution Network Operator majority stake bought out by Australian company for record €2.1 bln

admin