Dr Tatiana Fic
Director, Central Banks and Public Policy
World Gold Council
Assets of Russia’s National Wealth Fund to be invested in gold
The Russian Minister of Finance, Anton Siluanov, recently announced that 20% of the assets of the National Wealth Fund (NWF), the Russian public pension fund, will be invested in gold. Within the next couple of weeks Russia will change the structure of the NWF’s investment portfolio, entirely removing the US dollar, halving the share of the British pound and shifting to the euro, the Chinese yuan and gold.
Posted
Dr Tatiana Fic
Director, Central Banks and Public Policy
World Gold Council
Central and Eastern European central banks significantly expand their gold reserves
Last month Hungary tripled its gold reserves. The decision by the National Bank of Hungary (Magyar Nemzeti Bank, MNB) to increase its gold reserves to 94.5 tonnes, a historic high, follows a 10-fold increase in Hungary’s gold holdings in the last quarter of 2018.?
Posted