Hungary Brings Gold Reserves Home From London

  • 11 Mar 2018 9:55 AM
  • Hungary Matters
Hungary Brings Gold Reserves Home From London
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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