The National Bank of North Macedonia (NBMV) has confirmed the safety and quality of Macedonia’s gold reserves, which are stored in the treasury of the Bank of England in London.
During an official visit, the governor of BPMVTrajko Slaveski, together with his team, conducted a direct inspection of the storage of monetary gold, as part of the routine activities of central banks to ensure the highest security standards.
The Republic of North Macedonia has about 6.9 tons of monetary gold in its foreign exchange reserves, with a current market value of about 800 million euros.
During the inspection, the BPMV team conducted a visual inspection of the gold bar samples. It was found that the bars match the serial numbers and have the correct shape according to standard specifications.
The gold, according to BPMV, is in allocated form and meets the standards of the London gold market (London Good Delivery Standard), which means it contains at least 99.5% pure gold.
The decision to store gold at the Bank of England was made in 2010, given the security and flexibility offered by the central bank’s infrastructure, as well as access to the London market, the largest gold market in the world.
BPMV announces that in addition to increasing the value of gold, reserves can also be used to generate additional monetary income through short-term deposits and gold transactions. /Telegraph/