Romania to Bolster National Gold Reserves

Source: Mediafax (9/6/11)

"While the central bank gold reserve is adequate for now, nobody knows what could happen in upcoming years, Governor Mugur Isarescu says."

Mediafax

National Bank of Romania (BNR) Governor Mugur Isarescu, while in Constanta yesterday, said he decided to set up a working committee to look into the structure of Romania's future reserve, adding that while the central bank gold reserve is adequate for now, nobody knows what could happen in the upcoming years.

Asked what the activation of Rosia Montana gold mines could mean to the BNR, the governor said the issue will be discussed by the BNR Board of Directors. . .View full article

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