The Central Bank of Serbia has announced it purchased nine tons of gold in October, following the lead of regulators across the world, including Russia and China. Serbia’s gold holdings now make up ten percent of total reserves.
“We have completed gold purchase transactions and Serbia is safer today, with 30.4 tons of gold worth around €1.3 billion ($1.4 billion),” the Central Bank Governor Jorgovanka Tabakovic told reporters. “For now, we have no plans to buy more.”
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