Bosnia and Herzegovina makes U-turn on gold – report
CBBH bought two tonnes in 2024, having sold 1.5 tonnes in 2023
The Central Bank of Bosnia and Herzegovina (CBBH) bought two tonnes of gold in 2024, thus taking its bullion holdings to their highest-ever level.
The acquisition, reported today (March 31) by the Sarajevo Times, comes as a surprise given that the CBBH told Central Banking a year ago that it had sold 1.5 tonnes of gold in 2023. The sales were made to close positions on euro-denominated bonds that had put the peg between Bosnia’s currency, the convertible mark, and the euro under strain.
The
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