Finance

BCB: 20% of international reserves are in gold and 55% in US dollars

Bolivia’s Central Bank (BCB) reported that 20% of the Net International Reserves (RIN) are in gold and 53% in US dollars. According to the institution, the reserves have been invested mostly in Europe (50%), followed by the United States, South Korea and China. “The stock of gold reserves reaches 42.9 tonnes, which represents 20% of international reserves and are invested in high-quality financial institutions,” said BCB’s senior economic policy advisor, Raúl Mendoza.

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Source: Eju!

Categories:Finance