Central Banks
Serbia Will Hoard All Its Gold at Home, Shunning Global Hubs
The Serbian Central Bank in Belgrade.
Photographer: Oliver Bunic/BloombergSerbia’s central bank plans to bring all of its roughly $6 billion-worth of gold reserves onto its own soil to ensure the security of the hoard in periods of crisis.
That will make Serbia the first eastern European country not to hold any of its bullion in traditional hubs like Switzerland, the UK and the US.