BNB aims at more effective control of gold reserve

BULGARIA - The board of governors of the Bulgarian National Bank (BNB) is engaged in continuous debates on the options for a more effective management of Bulgaria's monetary gold reserves, deputy governor Martin Zaimov told reporters.

Zaimov spoke in response to local media allegations that the BNB plans to pledge some 16 tonnes of monetary gold on order to finance the acquisition of a substantial package of new Bulgarian global bonds. Monetary gold is never pledges, it is invested, Zaimov sa