The National Bank of the Republic of Macedonia (NBRM) has increased the quantity of monetary gold in the foreign currency reserves through melting of collector coins and confiscated gold items into monetary gold.
The quantity of monetary gold has increased by 2,288 ounces (ca. 65kg) to 221,163 ounces (ca. 6270kg), NBRM said in a press release on Friday. The central bank acquired six plates of monetary gold with a market value of about EUR 2,6 million, fully meeting quality standards of the precious metals market in London.
“The procedure is carried out in line with the Government’s decision to turn collector coins into monetary gold, and the amendments to the Law on management of seized property, property gains and objects seized in criminal and misdemeanor procedure, according to which the National Bank was assigned with confiscated items by the Agency for Management of Confiscated Property”, reads the press release.
