Economic crisis looming? Hungary latest country to repatriate gold
The National Bank of Hungary (MNB) has announced it is bringing home the country’s 100,000 ounces (3 tons) of gold reserves from London.
The decision to repatriate gold reserves, in total worth some 33 billion Hungarian forint (US$130 million), was also explained as being for safety reasons, in case of a potential geopolitical crisis. Read more.