IPFS News Link • Central Banks/Banking
In Low Key Move, Singapore's Central Bank Adds 26 Tonnes To Its Gold Reserves
• https://www.zerohedge.com by Ronan ManlyThis addition to the monetary gold holdings of the Monetary Authority of Singapore was first pointed out by the World Gold Council's Krishan Gopaul in a 25 November tweet, following an update to Singapore's gold holdings appearing in the IMF's International Financial Statistics (IFS) database, a source which World Gold Council uses to keep track of central bank and sovereign gold holdings.
Here's something interesting in the latest IMF stats: The Monetary Authority of Singapore added 26t of #gold to its reserves over May and June 2021. This is its first gold purchase since at least 2000, and another instance of a developed market CB buying (along with Ireland). pic.twitter.com/UeHmAbxRt9
— Krishan Gopaul (@KrishanGopaul) November 25, 2021