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Hungary Brings Gold Reserves Home From London

• 11 Mar 2018 9:55 AM
• Hungary Matters

The National Bank of Hungary announced the return to Budapest from London of the country’s gold reserves - roughly three tonnes with a market value of 130 million dollars.

The central bank’s management decided that keeping the gold reserves in the country could further strengthen market confidence in Hungary.

The NBH noted that a number of central banks in Europe, such as those in the Netherlands, German and Austria, had recently decided to bring home part of their gold reserves.

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• Hungary Brings Gold Reserves Home London

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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