The Central Bank of BiH’s monetary gold reserves reached 3.5 tons, which is the highest level of its establishment, writes in the annual report of this financial institution for the previous year.
As they stated, foreign exchange reserves last year amounted to KM 17.6 billion, which is an increase of 1.36 billion KM compared to 2023. year.
“Foreign exchange reserves last year are the confirmation of the Stability and Credibility of the Monetary System rise to 108.38 percent in the currency board as the foundation of the domestic currency and financial system, and there were also activities on the modernization of the payment system and preparations for access to the SEPA area,” Announcement.
They added that the report adopted the Presidency of BiH, and that in this document, it was invested in the transparency and accessibility of macroeconomic and financial data, as well as implemented numerous initiatives in the domain of digital transformation, financial education and international cooperation.
Gold, by the way, is considered a safe haven in times of economic insecurity, which makes it a key element of national reserves.
In addition to serving as a basis for monetary policy, play and vital role in maintaining currency stability, but also as a geopolitical tool in the hands of countries with the largest reserves.
Which countries have the most world’s gold reserves, and how many quantities have countries in the region?
The largest world reserves of gold have the United States, which currently own 8,133 tons.
According to the data of the Trding Economics, Germany is another, and has 3,351 tons.
It is followed by Italy with 2,452 tons of gold, and France 2,437 tons.
The monetary reserves of gold Russia are 2,330 tons, China 2,292, and Switzerland 1,040 tons.
India has 880 tons of gold, Japan 846, and Turkey has 624 tons of gold. The Netherlands has 612, Poland 497, Portugal 383, and Uzbekistan 368 tons of gold.
When it comes to the countries of the region, Serbia is dominant, which increases its stock of gold from year to year.
According to the latest data, Serbia currently has just over 49 tons of gold.
North Macedonia has 6.89 tons of gold, Slovenia 3.48 tons of gold, and Albania 3.42 tons of gold.
Croatia sold its gold, for about 13 tons, which she has inherited from the former Yugoslavia 20 years ago, and had not been without a reservation of gold.
However, a year-two bought 1.75 tons of gold before, as far as, according to the latest information, it has now owned.
Economist Igor Gavran believes that this is too little gold, and that was a long time to increase the Golden Reserves, but that the CB certificate deserves the recognition of professional advice and world trends and at least tried to compensate for the damage done by the previous administration.
“Sales of gold in the previous mandate was economic crime and diversity at the level of economic illiteracy, which should be made in the right to increase the transfer of our reserves in BiH because they are currently out of state. There are currently out of state in time of general instability and insecurity In relation to the once key world currencies such as dollars and euros, which now do not pour equal trust, “the raven emphasized “Independent newspapers”.
