Central banks’ flight to safety in reserve holdings continues
As financial turmoil persists globally, central banks, particularly in developing economies, are fighting to protect their reserves by diversifying those held in foreign currencies and bulking up their gold holdings.
In Romania, the local media on Monday reported that governor Mugur Isarescu said the central bank will analyse the future structure of the country's international reserves.
Speaking in Constanta, Isarescu said the Romanian president, Traian Basescu, had suggested increasing the gold
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