Central Bank of Hungary Buys Mounds of Gold

Posted on 10/22/2018


In October, the Central Bank of Hungary (MNB) boosted its gold reserves by 10 times, from 3.1 tons to 31.5 tons. This was revealed on October 16, 2018. The gold acquired by the central bank in October has a holding value of US$ 1.24 billion. This is the first time since 1986, Hungary’s central bank […]