Part of gold in reserves of central banks has reached 20% due to their increase in precious metal purchases, as well as its increase in price.
Gold became the second most popular owner of the international reserves of World Central Banks in 2024, which exceeded the Euro. This is stated in the European Central Bank (ECB) report.
It is noted that the part of gold in the reserves of the central bank has reached 20% in connection with the increase in their precious metal purchases, as well as its increase in price. Part of the Euro reached 16%, the US dollar – 46%.
“The central bank continues to increase gold reserves with a record speed. In 2024, they gained more than 1 thousand tons of precious metal, which twice as high as the average annual purchase indicator for the past decade,” the report said.
Last year, World Central Bank’s gold reserves reached 36 thousand tons, approaching a record of 38 thousand tons recorded in 1965, the ECB said.
Part of the Euro in the monetary reserves of the global central banks in 2024 did not change, worth about 20%, while part of the US dollar was reduced by 2 percent points (clause) to 57.8%.
As mentioned in the ECB report, Euro’s popularity as a currency of the issue of bonds and the loans of loans has increased. Part of the Euro in international debt financing last year increased by 3 pp to 25%. At the same time, the role of European currency in international payment and trade remained stable.
Remember, according to April’s results, Ukraine’s international reserves rose for the second month in succession and reached 46 billion $ 683 million.
Gold in the first -time history chances have surpassed the line of $ 3500
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.